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support simple daily interest

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Robert Dyer
2026-05-21 17:07:17 -05:00
parent f967435881
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README.md
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@@ -185,7 +185,9 @@ interest transaction on the 28th of the month, set the account note to
By default, interest is calculated using the 30/360 method where interest is
computed monthly using 30/360 (or 1/12) of the interest rate. If you need to
compute interest using the ACTUAL/ACTUAL method, set `interest:actual` in the
note. If you need to compute interest daily, set `interest:daily`.
note. If you need to compute interest daily, set `interest:daily`. For most
student loans, you probably want simple dailiy interest
`interest:daily-simple`.
You can optionally change the payee used for the interest transactions by
setting `INTEREST_PAYEE_NAME` in the `.env` file.