Inquiry on Interest Calculation using Interest on Arrears for Accounts Rece
Question:How can we calculate interest on the number of days from the document date, but only start selecting the item for interest after the item is past due?
Scenario:
Document date - March 18th
Due date - April 2nd
Desired results:
1) When running interest at the end of march the invoice will not be selected (as it is not past due)
2) When running interest at the end of April, Interest should be assessed for 12 days for March and 30 days for April (if past due, interest is calculated from the original document date and not the past due date).
Attempt:
In config I tried to set up the Interest Indicator (in Prepare Item Interest Calculation) to have Ref Date as Document Date, but the calculation still returns only 19 days for April (using due date).
Does SAP support this business requirement?
Thank you,
Rachel
Hi,
Please make use of the event 2010-Interest: Exclude Items.
Here all the line items on the account are passed one by one and records which are eligible for interest calculations are retained and rest are excluded by RAISE item_blocked.
You can put the check in this event on the amount.
Regards,
Gaurav.
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Hi
I hv configured the interest calculation as shown below
1.Define interest calculation type (item interest calculation)
2.Define number ranges for interest forms(for xxxx company code)
3.Prepare Interest on Arrears Calculation(selected open and all cleared items, calender type F)
4.Define reference interest rates
5.Define Time-Based Terms
6.Enter Interest Values
7.Assign Forms for Interest Indicators
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but i got message"list contains no data"
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PrasadHi Prasad
PLease check whether Customer master records are assigned with correct "Interest Indicator" at company code data.
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Interest calculation on overdue customer open items
Hi.
I need to calculate the interest on the customer overdue open items. for that i have configured the following steps.
OB46 - Interest Settlement Calculation Type
OB82 - Interest Terms
OBAC - Define Reference Interest Rates
OB83 - Enter the Reference Interest Rates Value
OB81 - Define Time Dependent Terms
OBV1 - Prepare Interest on Arrears Calculation
I have assigned the interest inidicator in the customer master record.
Now when i run the interest calculation using FINT, it is giving me the error " Problem class very important" and showing as "No records selected".
Can anyone help me in this issue.
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PadmavathiDear Mauri,
Now i got the issue solved.
In the step Prepare item interest calculation, i have given the ref date as 3 - positng date so only system is not picking the open items.
Now i changed it to 4 - Payment baseline date. its done.
Thanks.
Regards,
Padmavathi -
VendorPayables Over due Interest calculation.
Hi Gurus,
Help needed plzz..
needed to caliculate interest on over due payables. There are net 30 payment terma in the system. if for some reason i entered an invoice with invoice date which is 31days or more behind the current date then i need to caliculate interest on the late payment and show it in a report. Or post to an expence account with the same account assignments as the invoice.
say, current date: 07/03/2007 mm/dd/yyyy
invoice date : 05/15/2007
if net 30 days payable term is applied to the invoice and i entered it on current date i.e the posting date. this invoice will get paid immediately in the next payment run, but before i pay that invoice i would have to include the interest caliculate from 06/15/2007 to 07/05/2007(say my next payment run was on 07/05/2007). this like 18 days over due .
How can i caliculate interest on this one the interest rate to be used is 3% .
Gurus please advice on how i need to set up the interest Indicator and all other stuff. i know where i need to set most of the things in interest cali. config., but i need advice on what settings to make, so that we meet the requirement.
help ......Interest calculation is controlled by settings made in the interest indicator in the master record. You make additional specifications for each interest calculation.
Interest is calculated using the debit interest rate defined for the interest indicator in the system. Credit interest rates are used when interest is being calculated on items paid prior to their due date.
There are different ways to calculate interest:
· To calculate and post interest on only cleared items, in the Accounts Receivable or Accounts Payable menu, choose Periodic Processing ® Interest Calculation ® Arrears ® Without Open Items. The system calculates interest as of the due date for net payment.
· To calculate and post interest on open and cleared items, in the Accounts Receivable or Accounts Payable menu, choose Periodic Processing ® Interest Calculation ® Arrears ® With Open Items. The system calculates interest as of the upper limit date of the last interest run.
· To calculate interest on open and/or cleared items without posting the interest, in the Accounts Receivable or Accounts Payable menu, choose Periodic Processing ® Interest Calculation ® Arrears ® Without Postings. The system calculates interest as of the due date for net payment.
In each of the above cases, the relevant fields have default entries or only the selection criteria required are displayed.
· To calculate interest any other way, in the Accounts Receivable or Accounts Payable menu, choose Periodic Processing ® Interest Calculation ® Arrears ® Free Selections .
For more information about calculating interest on arrears, see the report documentation:
RFDUZI00 Calculation of Interest on Arrears (Customers)
RFKUZI00 Calculation of Interest on Arrears (Vendors)
There are two fields in the company code data area of customer and vendor master records that are relevant for the calculation of interest on arrears:
Interest indic.
The program that calculates interest on arrears uses the interest indicator specified in the customer master record. The most important specifications for the interest calculation run are stored under the interest indicator. They include, for example, rules determining which items are selected for interest calculation and how the interest is calculated.
The interest indicator must be assigned the interest calculation type Item interest calculation.
Last key date
After each interest calculation run, the program enters the upper limit of the calculation period into this field by batch input. This is the date you have specified for the calculation run.
Hope that helps...
Thanks,
Nandita
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Interest calculation and Invoicing
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PhilippeHello Philippe,
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Then You can change the document type for the Interest calculation using the
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IMG path:
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Posting -> A/R: Calculation of Interest on Arrears
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Hi guru,
we have taken long term loan from 10 banks.we have to calculate interest on loan from each bank.we have maintained each bank loan a/c as a vendor.As we know the procedure as given by sap for balance interest calculation will be followed here.is it correct or not.one more doubt is whether treating each loan a/c as a vendor is correct or not.
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Here you need Balance interest calculation.
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Interest calculation on bank cash credit account
Hi All
My requirement is to calculate interest on cash credit account in
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10000 and 12% on any withdrawals above 15000 . Whre to set this limit ?
How will this cycle be done and will it be posted to GLs by this interest
calculation run or can it be used just for information purpose to cross
check the interest calculated by the bank ?
Please respond .There are two defined interest calculation types in the SAP
system.
1. Balance interest calculation.
2. Item interest calculation.
System defined variant for balance interest calculation type
is u2018Su2019 and item interest calculation type is u2018Pu2019. Balance
interest type calculation is used for G L Accounts. Item
interest type calculation is used for vendors and customers.
To display all transaction codes:
Go to t.code:SE16
Table name: TSTC
Keep blank maximum number of hits.
Total transaction codes in SAP 70837.
The following steps are involved in interest calculation.
1. Define interest calculation types (OB46)
2. Prepare account balance interest calculation (OBAA)
3. Define reference interest rate (OBAC)
4. Define time dependent terms (OB81)
5. Enter interest values (OB83)
6. Creation of G L Accounts (FS00)
7. Define automatic posting (OBV2)
8. Entry for loan (F-02)
9. Interest calculation run (F.52) -
Error in Interest Calculation of Dunning Wizard
In our company the Local currency is USD, the system currency is CAD. I am running Dunning Wizard for a BP with two invoices past due. Both invoices are in CAD, however in the interest calculation, the interest amount is shown in USD only which does not make sense, and even when I try to change it to CAD values, it won't let me and give error msg "wrong currency".
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2. We are in SAP B1 version 2005, SP1 patch 45. Will this problem be fixed in version 2005 latest patch (56) ? If not, will it be fixed in version 2007?
I do have a printscreen but don't know how I can upload to the thread.Below is the answer I got from SAP support and I tested it's working. Put it here for the benefit of others who may have the same problem.
Reference: SAP Note 0000950583
Dunning Wizard displays Local Currency instead BP Currency
Symptom
When running the 'Dunning Wizard' the interest currency is always set as local currency instead of the business partners currency.
Other terms
Dunning, wizard, interest, amount, foreign, currency, local, system, LC, SC, FC, MC, display, show, present, SAP Business One
Reason and Prerequisites
Solution
Example:
Local currency: Currency A
System Currency: Currency B
BP Currency: Currency C
The currencies displayed in the Dunning Wizard Recommendation Report are defined under Administration - Definitions - Business partners - Define Dunning Terms.
Interest amount - The interest amount calculated for the invoice. The calculation is done in accordance with the defined dunning term assigned to the customer (by the remaining amount or the amount in the original document).
Use Original Exchange Rate from Invoice: The basis for interest calculation is the local currency this will display the local currency name on the Recommendation Report Dunning Wizard.
Use Current Exchange Rate: The basis for interest calculation will be in foreign currency this will display the foreign currency name on the Recommendation Report Dunning Wizard.
In addition, the interest and total sum displayed in the Dunning Wizard report will be in local currency, and all other values in foreign currency.
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Item Interest Calculation for partially cleared items
Hi
We need to do interest calculation on Customer Line Items. The T Code we are using is FINT. We have set an interest indicator for Item Interest Calculation, with Interest Calculation based on Items Cleared with Payments. The requirement is that Interest should be calculated on even partially cleared items. Suppose a customer invoice is generated on 1.1.2009 for INR 100000 and becomes due for payment on 30.1.2009. Now on 10.2.2009, a partial payment is recieved against this invoice for INR 30000. System should calculate interest on INR 30000 for 11 days. Now again on 20.2.2009, remaining payment of INR 70000 is recieved. In such a case, interest should be calculated on INR 70000 for 21 days @ 1.25% PM. In the current configuration, when we define that system should calculate interest on Open Items cleared with payments, system calculates interest on INR 100000 for 1.25% for 21 days. Pls suggest.
Regards
Sanil BhandariHi u can check all below steps with specific fields i thought it is working perfectly check it.
1. Define Interest Calculation Types
here u can enter int rate type as a "S" Balance interest calculation
2. Prepare Account Balance Interest Calculation
here u can enter int calculation frequency means monthly or quarterly etc. calander type G, select balance plu int check box
3. Define Reference Interest Rates
Here u can enter date currency
4. Define Time-Dependent Terms
here u can enter currency effective from date sequential number term (Debit interest: balance interest calc. or Credit interest: balance interest calc.) referance int rate enter before step what u r defined that one u can enter here.
5. Enter Interest Values
here u can enter interest rate for that referance int type
6. Prepare G/L Account Balance Interest Calculation
Here u can enter ur g/l accounts
0001 Interest received (int received a/c)
0002 Interest paid (int paid a/c)
0011 Pt vl.min.int.earned(int received a/c)
0012 Pst vl.min.int.paid(int paid a/c)
0013 Pst vl.dt.int.earned(int received a/c)
0014 Past val.dt.int.paid(int paid a/c)
0015 Calc.per.int.earned(int received a/c)
0016 Calc.period int.paid(int paid a/c)
1000 G/L account (earned)(Loan giving a/c)
2000 G/L account (paid) (Loan taking a/c)
after that u can post transaction execute ur transaction code i thought it is helpful for u
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How to configure Interest Calculation procedure???
Hi Guys,
While running F.52 report for interest calculation, the interest is getting calculated. After running the batch report, I am not getting any FI posting for the calculated interest in SAP. When the checked the GL account, its only showing the open items but I am not able to find the interest posting document.
Question 1, does a FI document gets generated while finishing Batch Input?
Question 2, if not, then how can I make sure that the interest has been calculated for the respective GL account? Where can I get that information?
Question 3, what happen next?
I have already created & maintain GL accounts for Interest Received & for secured loans account using OBV2.
Can anyone help me!!! A proper process flow with details from anyone will be highly appreciated.
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Interest calculation document will get posted once the BDC session is completed.
Please refer the below BBP:-
Link: [http://www.google.co.in/url?sa=t&source=web&cd=1&ved=0CBUQFjAA&url=http%3A%2F%2Fhelp.sap.com%2Fbp_bblibrary%2F500%2Fdocumentation%2FB29_BPP_15_EN_SV.doc&ei=CnJnTL6TIcTJcZjygJAF&usg=AFQjCNFg5N4O7e6IminTdUB36UAEUVGd6w&sig2=p51jIOo4o-wLI87zhmr1Mg]
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What is debit and credit, open item interest calculation??
Dear Members,
What is
1. Debit Interest Calculation?
2. Credit Interest Calculation?
3. Open and Cleard Item Interest Calculation?Hi...
Interest can be calculated on debit balance or credit balance based on AR or AP..
There are two defined interest calculation types in the SAP
system.
1. Balance interest calculation.
2. Item interest calculation.
System defined variant for balance interest calculation type
is u2018Su2019 and item interest calculation type is u2018Pu2019. Balance
interest type calculation is used for G L Accounts. Item
interest type calculation is used for vendors and customers.
Hope you are clear...
Good Luck!!!
Lucid-Mind... -
Dear Experts,
I have a problem to Run the Interest Calculation of term Loan G/L Account the massage is ..
"No general Int. terms are maintained for the following Int Calculation Indicator (account number"
Kindly reply very soon
Srinivasi encountered the same problem and solved it by unticking the Account number as interest calculation indicator in interest indicator (t code ob46).
When you check this field this field this means you have to make a general condition for interest scale with that gl which is giving in the error preceding 0
e.g if your gl is 100500 then you have to create it by 0000100500(with 10 digits) using t code obaa.In addition the point to be noted is when you execute. tcode obaa the coulmn name is Interest calculation indicator or account number. -
G/L Interest calculation procedure
Balance Interest calculation
For term loan
Pls send any one G/L Accounts Interest Calculation procedure
Configuration
It is very urgentBalance Interest Calculation: -
It is a calculation of Interest on total balance of an account or total balance of customer account. it is represented in "s".
System defined variant for balance interest calculation type is u2018Su2019 and item interest calculation type is u2018Pu2019. Balance interest type calculation is used for G L Accounts. Item interest type calculation is used for vendors and customers.
To display all transaction codes go to transaction code:SE16
The Nine configuration steps for calculation of balance interest calculation are
1) Define interest calculation type (OB46)
2) Prepare account balance interest calculation (OBAA)
3) Define reference interest rates (OBAC)
4) Define time dependent terms (OB81)
5) Define or specify interest rates (OB83)
6) Create G L Accounts for Intesrest Gained and Interest allowed and Loan Account (FS00)
7) Prepare gl account balance interest calculation and Define automatic posting (OBV2)
8) Entry for Loan (F-02)
9) Run interest programm (f.52)
Step 01: Define interest calculation types (OB46)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation global settings>Define interest calculation types
Go to new entries
Interest Id (V1) put discription Name Interest calculation type (S) and enter it will take automatically balance interest for S
Make sure don't tick mark the box given and save it.
Step 02: Prepare account balance interest calculation (OBAA)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation global settings>Prepare account balance interest calculation
Go to new entries
Give calculation indicator as defined V1
Interest calculation frequency : 01 (1 month)
Calendar type : G (28-31/365)
Give number range : 03
Select balance plus interest.
Save
Step 03: Define reference interest rate (OBAC)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Define reference interest rates
Go to new entries
Reference interest rate : V1 (same as Interest Indicator)
Long text : 12%balanace interest
Short text : 12% balance interest
Date from : 01.03.2010
Currency : INR
Save
Step 04: Define time dependent terms (OB81)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Define time dependent terms
Go to new entries
Interest calculation indicator : V1
Currency key : INR
Effective from : 01.03.2010
Sequential no : 01
Term : Debit interest balance interest calculation
Reference interest rate : V1
Save
Go to new entries or F8
Interest calculation indicator : V1
Currency : INR
Effective from : 01.03.2010
Sequential no : 02
Term : credit interest balance interest calculation
Reference interest rate : V1
Save
Step 05: Enter Reference Interest Rate Values (OB83)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Enter interest values.
Go to new entries
Reference int. rate (V1)
values effective from (01.03.2010)
interest rate (12%)
Before creating GL account Go to T.Code: OBD4 to create secured loans account group.
Go to new entries
Chart of accounts a/c group name from account to account
Chart of Account 'TATA' secured loans 100300 100399
TATA INTR interest Expenses 400100 400199
TATA INTR interest Gained 300100 300199
Save
Step 06: Creation of G L Accounts (FS00)
G L A/C no : 100305
Company code : TATA (Tata Infotech)
Select create button
Account group : secured loans
Select balance sheet account
Short text : HSBC Bank Account
Long text : HSBC Bank Loan Account
Select control data tab
Select only balances in local currencies
Select open item
Select line item display
Sort key : 001
Select create/bank/interest tab
Field status group : G005
Select relevant to cash flow
Interest calculation indicator : V1
Save
Give G L A/C no : 400105
Company code : TATA
Select create button
Account group : interest
Select profit and loss account
Short text : interest Allowed
Long text : interest Allowed Account
Select control data tab.
Select line item display
Sort key : 001
Select create/bank/interest tab
Field status group : G001
Save
Give G L A/C no : 300107
Company code : TATA
Select create button
Account group : interest
Select profit and loss account
Short text : interest Gained
Long text : interest Gained Account
Select control data tab.
Select line item display
Sort key : 001
Select create/bank/interest tab
Field status group : G001
Save
Step 07: Define automatic posting account (OBV2)
SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest posting>Prepare G L A/C balance interest calculation
Go to accounts
Chart of accounts : TATA
A/C symbol currency G L A/C
0002 INR 400105 (interest Allowed)
2000 Inr 100305 (HSBC Bank Loan Account)
Save
Step 08: Entry for loan (F-02):
Give document date : 01.03.2010
Posting date : 01.03.2010
Type : SA
Company code : TATA
Currency : INR
Posting key : 40
G L Account : 200005 (ICICI bank a/c)
Enter
Amount : 50,00,000
Business area : IRON
Value date : 01.03.2010
Text : loan received
Posting key : 50
G L Account : 100305 (HSBC bank a/c)
Enter
Amount : *
Business area : IRON
Text : +
Save
Step 09: Interest calculation run (F.52):
Accounting>Financial Accounting>General ledger>Periodic Processing>Interest calculation>Balances
Give chart of accounts : TATA
G L A/C no : 100305 (HSBC Bank Account)
Company code : TATA
Calculation period : 01.04.2010 to 31.12.2012
Select leap year.
Select post also if value date in past
Select update master records
Execute
Go to system on menu bar.
Select services
Select batch input
Select sessions
Select RFSZIS00
Select process
Select display errors only
Again select process
The system gives the message: u201Cprocessing of batch input session completedu201D
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