Options
FinFlow calculates interest depending on the selected compute method, day count convention or year length, and the settings for rounding amounts and percentages.
Default compute options for new documents are taken from the values set in the Defaults pane in the FinFlow preferences.
To edit a documents options, click the Compute Options button or select Compute Options from the Tools menu.
The compute method, day count convention or year length and the rounding method for each document are displayed next to the Options button.
This option lets you set the method by which interest is calculated. You can choose between compound interest, actuarial interest and simple interest.
For more information about the different compute methods, click here.
When using compound interest, day count conventions specify how to count the number of days between two dates and how to calculate the size of an interest period when the number of days is a fraction of a normal period.
For an overview of the available day count conventions, click here.
When using actuarial and simple interest, the year length determines how interest is calculated for fractional periods.
This option specifies up to what precision percentages are calculated and rounded.
This option specifies up to what precision amounts are calculated and rounded.
This option lets you define how the interest and principal fractions of payments should be rounded.
| Method | Description |
| round to nearest | values are rounded up or down to the nearest value |
| round up | values are rounded up to the same precision as the start value |
| round down | values are rounded down to the same precision as the start value |
| no rounding | values are only rounded on screen, internally they are not rounded |
Related topics
| Compute methods |
| Day count conventions |
| Fields |
| Panes |
| Events |
| Results |