Interest is normally calculated and posted to an account using a batch process that runs on a regular basis defined by your financial institution. You may use the Post Interest transaction to post interest earned as of the current date and between runs of the batch process.
Is the above information true?
To post interest for a term deposit account
Locate the deposit account by viewing the client that holds the saving account and click on the term deposit account under Saving Account Overview.
Select More and Post Interest from the action bar.
Click the Transactions tab to view the interest posted transactions.
The transactions posted seem to omit the last interest posting period? For example, I set up a 3 month term deposit that matured in May. When I calculated and posted transactions as of a June date, there were 2 post interest transaction—March and April. There was not one for May???