Assess finance charges on Customer statement - MYSTERY Un-Resolved

Hi all,
This is the 5th time I am requesting somebody to help me on displaying finance charges on customer's monthly statement. Can somebody pls guide me on the various t.codes to show finance charges (interest rate) levied on a customer's monthly financial statement.
Pls folks, help me with this. Its been more than a week I have been posing this question on this forum for which I haven't got any solution yet.
Thank you,
SONY
(Please do not worry of your reward, i will surely assign points for every kind of helpful answer)

Hi,
Follow the following steps
Financial Accounting> Accounts Receivable and Accounts Payable> Business Transactions> Interest Calculation
Interest Calculation Global Settings>
Define Interest Calculation Types
Give the Interest Indicator (your choice)
Select the interest cal. Type as Intem Interest Calculation
Define Number Ranges for Interest Forms
Define the number range here with internal numbering
Prepare Item Interest Calculation
New entries>
Check Open Items Check Box
Check radio buttons as required
Ref. Date-4
Calendar type-G
Factory Calendar ID-select your factory calander
Check box Post Interest
Save your entries
Define Reference Interest Rates
Ref.int.rate- Give the Code
Long text-
Date from- Effective Date of the interest
Currency
Save your entry
Define Time-Based Terms
Int.calc.indicator-Give your indicator
Currency Key
Eff. From- Date
Sequential number-1
Term-Credit interest: arrears interest calc.
Ref. interest rate- Give the ref. rate as defined above
Save your entries
Enter Interest Values
New Entries
Select your Reference as defined above
Enter the Interest Rate
Interest Posting
Create Symbols- Create symbol for interest received
Save your entry
Create- Posting Specifications Click on the create symbol
Business Transaction-1000
Enter the Debit and Credit Posting Key and the account symbol as created: Interest Receivd
Accounts
Chart of Accounts
Select Account Symbol for Interest Received
Currency-
GL Account- Give the Account for interest received-Revenue account
Your Configuration is complete here.
Now mention this interest indicator in your Customr account.

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Show finance charges on the customer statement?

Hi all,
Can somebody guide me on how to assess finance charges. The client wants the system to generate a monthly finance charges that should highlight to a G/L account. When a customer statement is printed, the statement should show the total finance charges imposed for a particular period. The client wants to assess or impose finance charges of about 5% at the begining of every month. Can somebody please guide me where to do the necessary configurations with this?
Thank you,
SONY

Hi,
Follow the following steps
Financial Accounting> Accounts Receivable and Accounts Payable> Business Transactions> Interest Calculation
Interest Calculation Global Settings>
Define Interest Calculation Types
Give the Interest Indicator (your choice)
Select the interest cal. Type as Intem Interest Calculation
Define Number Ranges for Interest Forms
Define the number range here with internal numbering
Prepare Item Interest Calculation
New entries>
Check Open Items Check Box
Check radio buttons as required
Ref. Date-4
Calendar type-G
Factory Calendar ID-select your factory calander
Check box Post Interest
Save your entries
Define Reference Interest Rates
Ref.int.rate- Give the Code
Long text-
Date from- Effective Date of the interest
Currency
Save your entry
Define Time-Based Terms
Int.calc.indicator-Give your indicator
Currency Key
Eff. From- Date
Sequential number-1
Term-Credit interest: arrears interest calc.
Ref. interest rate- Give the ref. rate as defined above
Save your entries
Enter Interest Values
New Entries
Select your Reference as defined above
Enter the Interest Rate
Interest Posting
Create Symbols- Create symbol for interest received
Save your entry
Create- Posting Specifications Click on the create symbol
Business Transaction-1000
Enter the Debit and Credit Posting Key and the account symbol as created: Interest Receivd
Accounts
Chart of Accounts
Select Account Symbol for Interest Received
Currency-
GL Account- Give the Account for interest received-Revenue account
Your Configuration is complete here.
Now mention this interest indicator in your Customr account.

Setup for a customer and print a statement showing Finance Charges

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I am working on Apps R11, I want to setup Finance Charges for a Print statement. Please give me steps.
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JP

Your problem is not the interface and the form. You should care about the printing program only. You need to chage it the way there will be a part which can be looped at. Otto
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Hello,
I ran the dunning wizard and printed out the dunning letter. Even though the interest is being calculated correctly [TtlopnIntr column in DWZ2 table], it does not update the BP Account Balance. Also when printing out the report, the Amount Due column in the report shows the open sum and not open sum + interest. At the BP level, I have activated the Include Interest checkbox and put in the bank interest percentages.
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OR
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Edited by: Darius Heydarian on Mar 26, 2008 5:22 PM

Bhavita,
I'm running into the same problem also. Check out SAP note 1059948.
Symptom
When using the Dunning Wizard there has been an interest and a fee per letter defined. However, after running the wizard and printing the dunning letter with interest and a fee added to the total, it is not possible to find this balance in the business partner balance.
Other terms
business partner balance, journal entry, credit, debit, missing information, dunning level
Reason and Prerequisites
SAP Business One Functionality
A Dunning Letter has successfully been created and printed with an interest, a fee or both.
Solution
The interest/fee that is printed on the Dunning Letter will not make an entry on any account. It is only printed. If the interest/fee is paid, it should be recorded manually in the system. This is a system definition.
I have 30K plus customers - 500 of which have overdue amounts... am I supposed to manually create journal entries for all customers now? This is the dumbest thing I have ever seen in any software program ever! Don't make it look like you support a business process in a software solution when you don't. I have no idea how I'm going to try and explain this one to my customer...

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Hi;
I suggest close your issue here as answered than move your issue Oracle Discussion Forums » E-Business Suite » Financials which you can get more quick response
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Script name: F140_CUS_STAT_01 & F140_CUS_STAT_02
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Edited by: Alexander on Jul 1, 2009 12:00 PM

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I think there is some misunderstanding as this message is different from the one about Currency.
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I am working on the same logic. My program loads opening and closing balance and a list of items everyday. The GL_balances table gives you current balance but if you want the previous balance, you have to use : "gl_daily_balances" table and provide accounting_date for which you want the balance.
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Client required customer statement on particular date not period wise. i have got customer period wise balances in table KNC1 & KNC3. but i required the date wise opening & closing balance?
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Hi
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So just to make it clear,
you want an overview of open invoices from 1 customer.
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Type : String
Value : Static
do not select a value field (none)
press ok.
Select expert
Create new
Starts with
type this : {?CardName}
press add
Click formula editor and make it look like this :
{OINV.DocStatus} = "o" and
{OINV.CardName} startswith {?CardName}

Assess finance charges on Customer statement - MYSTERY Un-Resolved

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