# Interest

> Interest is the price of using someone else money, worked out as a percentage of the amount borrowed for each period.

Dashing (dashingerp.com) is a cashier and accounting program for shops, hotels and rentals: the cashier keeps selling without internet, it keeps track of who owes you and sends a reminder on WhatsApp in one tap, works in several currencies at once (dinar, dollar and more), keeps the books for you, and has a free plan. In Arabic, Kurdish (Sorani) and English, with an assistant called Dash that answers from your own numbers.

Canonical: https://dashingerp.com/en/glossary/interest

Interest is the price of using someone else money, worked out as a percentage of the amount borrowed for each period.

_Last updated 2026-10-29_

## What it means for a shop owner

It may be fixed for the whole term or variable. Compare offers using one yearly rate so you can see the difference. Interest is an expense that reduces your profit, so record it apart from running costs.

## A worked example

A loan of 10000 at 8 percent a year. The interest after one year is 800.

## Other languages

- العربية: https://dashingerp.com/glossary/interest
- کوردی: https://dashingerp.com/ckb/glossary/interest

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Dashing · https://dashingerp.com/en