Balance Interest

Hi Friends,
My client has a requirement. Security deposit is received from Stockists ( Debtors) and the same is posted to the same debtor account using Spl GL Indicator. Interest has to be paid on the security deposit. Can any body help me to do the configuration.
Thanks,
Srinivas A

Hi Srinivas,
For that you can create special gl indicator for security deposit in OBXR.and create gl account for interest calculation
Define interest calculation Type:
Prepare Account balance interest calculation:
Define reference interest rates:
Interest indicator
Enter interest values:
Regards
Surya
Edited by: Surya Naveen on Oct 6, 2008 8:46 AM

Similar Messages

G/L Account Balance Interest Scale

hi Gurus,
I done the G/l Balance Interest Calculation( Configuration and Settings )
Example : Loan Account xxxxx this account Open Item Select and Interest Indicator y1, & Frequency is 1 month is given.
1. F-02 Posting Bank A/c Dr 10000
Loan A/c Cr 10000
next then Go to Fbl3n xxxx loan a/c is open item balance 10000
2. F.52 G/L account Bal Interest Scale
Interest tobe Calculated some amount 1month Rs 400
Batch input session run Ok ,( No Errors )
Interest not Posted to a Particular G/L Account
ALL Setting Fulfill in Interst Calculation ( Balance )
Advance Thanks

Hi John,
The tables you need are going to be JDT1 (journal lines), OJDT (journal header) and possibly OACT (account master). The contents of these tables should be sufficient to calculate the balance as at a certain date. For details of the columns in each table, you could use the Query Generator or consult the database help file (which is available if you have installed the SDK).
A basic SQL query would be something like this:
SELECT T2.AcctCode as AcctCode, T2.AcctName, sum(T0.Debit - T0.Credit) FROM JDT1 T0 INNER JOIN OJDT T1 ON T0.TransId = T1.TransId INNER JOIN OACT T2 ON T0.Account = T2.AcctCode WHERE T1.RefDate <= 'YYYY-MM-DD' and T2.AcctCode = '_Sys00000000019' group by T2.AcctCode, T2.AcctName
where YYYY-MM-DD is the date you want the balance at and _Sys00000000019 is a made up account number I used as an example.
Hope this helps,
Owen

Balance interest calculation on spl gl items of customers

Hi Everybody,
I am strucking with a problem in FI. That is calulation of balance interest on spl gl transactions in customer.
Actually we have customer deposits which are booked as downpayments. Here we have to pay an interest of 6% which is also cumulative one. Now my requirement is I have to calculate balance interest on this deposit with 6% interest. I made the following configs.
Created one Indicator for balance interest with S ob46
Defined No.ranges.
Preparations for balance interest obaa
Spl gl assignment in obab
Maintained reference int rates at obac
Time based terms ob81
interest values ob83
posting Entered the following
1000
co code all() int indi all()
debit 01 1000 customer posting
credit 50 0001 int received
1000
co code 1000
debit 40 0002 interest paid
credit 01 1000 customer posting.
and indicator assigned in cu master record
and int calc done in f.26 balance interest
but it is not getting calculated on spl gl items
Please could you people help me in this regard as soon as possible.

Hi
Did u assign the Spl GL Downpayment settings. Whethere it is vendor or customer assign the spl gl indicatior for down payments.
Hope this is helpful to u.
Shammi

Balance Interest Run F.52

After running Balance interest in f.52 while posting following error I am facing.
"Error when determining accounts to be posted to (posting interface)
Appl Business t CoCo Int.ind. Bus. Curre Chrt Replace
Status
0004 1000 1000 V1 INR 1000 150210
Replacement of account symbol not possible"
Kinldy help me in this reg.
Narayana

Hi
I tried with standard A/c symbols only.
Thanks
Narayana

Balance Interest for Vendor

Hi Friends,
I have done configuration for Balance Interest. When I am processing interest calculation for a vendor thru T.Code F.44, Batch Input Session is created. After processing the Batch Input Session without any errors, I find that no document posting is happening for the interest.
Can anybody throw some light on this.
Thanks,
Srinivas Aravalli
Edited by: Srinivas aravalli on Oct 2, 2008 3:25 PM

- Define Interest calculation Types
SPRO->Financial Accounting-> Accounts Receivable and Accounts Payable-> Business Transactions-> Interest Calculation-> Interest Calculation Global Settings-> Define Interest Calculation Types
It determines whether interest is on per item or balance
- Interest Indicator
SPRO-> ...->Interest Calculation> Interest Calculation Global Settings> Prepare Interest on Arrears Calculation
- Interest Rates
SPRO->.....>Interest Calculation> Interest Calculation > Define Reference Interest Rates
- Interest Values
SPRO->........>Interest Calculation> Interest Calculation > Enter Interest Values
- Assigning Reference interest rate to interest indicator
SPRO->..........>Interest Calculation> Interest Calculation > Define Time-Based Terms
- Interest Posting
Tcode-OBVI (Approporate GL Accounts should be existing for Interest Accounting and they are configured here)
- Also set the interest indicator in GL Account Master record
- Interest Calculation
Depending on requirement, run the appropriate TCode. eg: F.2B and that will calculate interest on open items of customers
Rgds

Balance Interest Posting

Hi,
I had configured Balance Interest and I run that. It was going good interest was calculated, print form came, batch input session was created and run that also but master data like Customer, Vendor, GL was not updated.
Why master datas were not updated can any one give me solution please. I
Thanku

Hi,
Ya i assigned interest indicator to all masterdata's , bu still it not getting updated.
plse give me som soluction

Balance interest and itom interst caluculation and differences

hi
balance interest and itom interst caluculation and differences

Hi,
Balance interest calculation is we calculate interest on G/L a/c balance, for example some time we take loan from Bank and we have to calculate interest on that loan amount and have to pay banks.
Line item interest calculation is, we calculate interest on the Customer line item. When customer doesnt pay in time we calculate interest on his line item which is over due.
Hope its helpful
Regards,
Giridhar

Debit Interest Balance Interest ???

Hi,,,
SPRO
Financial accounting
General ledger accounting
Business transactions
Bank accounts interest calculation
Interest calculation
Define time dependent terms
here In this screen what is the meaning of Debit Int Balance Int and Credit Int Balance Int ??
Thanking you,,
Suresh
Message was edited by:
Suresh Kumar
Message was edited by:
Suresh Kumar

Hello,
Debit Interest Balance Interest - This means the interest which we are entitled to receive from the bank for the debit balance maintained in the bank account.
Credit Interest Balance Interest - This means the interest which we are due to pay to the bank for the overdrawn amount.
Regards,
Partha Sarathi Sarkar

ITEM Interest and Balance Interest

Hi,
Can someone brief about the differences between item interest and balance interest.
also any documentation on these would be greately appreciated and rewarded with points
my mail id is [email protected]
regards,
meghna

Hello Meghna you can calculate the the interest by two ways
On balance and on Per item wise
You can calculate interest on the balance of those of your G/L accounts which are managed with open item display by using the balance interest calculation function in the FI system. This function can be used, for example, to double-check the interest calculated on your accounts by the bank.
You can also use balance interest calculation in accounts receivable and accounts payable. In these areas it is used, for example, to calculate interest on the staff loan accounts managed in accounts receivable and payable.
Decides whether the interest indicator participates in the calculation of interest on arrears (per item)
If it is clear to you please assign the points

Balance interest calculation on vendors

Hi,
Is it possible to calculate interest on vendor balances?
I did all the settings for interest calculation and assigned the interest indicator to the vendor master. When I run the interest calculation program (Free Selection) a batch input session is generated but ZERO transactions are processed in the session. I made a vendor posting as well as a part payment. I want to calculated interest on the open items.
Please advise.
Thanks in advance
Raj

Dear Raj,
are You asking if it is possible to calculate the interest on items (on arrears) on vendors?
The answer is yes.
You should use the report RFINTITAP. There is an old one RFKUZI00 but please use the new one; You can use the transaction FINTAP as well.
There are a lot of steps to do: create an interest indicator linked to P (interest calc. type) --> ITEM INTEREST CALCULATION, then You to define the item selection by IMG -->
Prepare Interest on Arrears Calculation
Prepare Item Interest Calculation
and then customize the following steps:
Define Time-Based Terms
Interest on Arrears Calculation (Vendors)
Then insert the relevant interest indicator into the vendor master data.
I hope this can help.
Mauri

Balance Interest calculations

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
Srinivas

i 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.

Interest Calculation on customer balance

Hi
I need to calculate interest on customer overdues (on net balance after deducting advance received from there).
There are three types of interest calculation:
1. Balance interest calculation
2. Item Interest Calculation
3. Arrears Interest
Please let me know which one i need to select for the same.

Hi Deepak,
I will provide you some information about this matter:
Please, notice that the program RFINTITAR (tr. FINT) isn't used for balance interest calculation. It is used for customer overdue item interest calculation. Please check the documentation available for this program. I believe that this is the option that you should use.
In case of Special G/L transactions:
Check IMG- Financial Accounting (New)- Accounts Receivable and Account Payable- Business transactions-
Interest calculation - Prepare special G/L transaction interest calculation.
As described in the documentation of the customizing node, the assigning of new interest indicators according to the special G/L transaction is evaluated by balance interest calculation only.
Please see the documentation:
"In this step, you define an alternative interest indicator for special G/L transactions. The specifications only apply to the account balance interest calculation."
I hope that this answer your inquiry.
Best Regards,
Vanessa Barth.

Interest calculation on Open items and cleared items

Dear Experts
I am trying to do needful configuration for interest indicator on which interest can be calculated for open items and cleared items as well. But, system is calculating interest for open items properly, but not calculating interest on cleared items with same interest indicator, I am repeatedly getting error "interest calculation indicator is not compatible with this type of interest calculation"
Is it possible to use same interest indicator for open line items and cleared line items of customer?
If possible, request you share the needful config steps to do same.
points will be awarded for usful reply.
Best regards,
S. Habib Pasha.

Hello Habib,
depending on the requests you can setup a item interest calculation or a balance interest calculation "Define calculation types".
IIC: check settings (item selection, all cleared items, only items with payment, no cleared items) "Prepare item interest calculation"
I guess you have setup the item interest calculation - maybe you have mixed some entries with BAIC.
Check in "Prepare account balance interest calculation" whether you have entries with the indicator you want to use.
At least check your entries in "Define time-based Terms" If you have entries with Balance account interest calculation the system gives even an error.
Hope this is helpfull.
Best regards
Horst

Need help with calculating interest

Hey im trying to find out where my calculations are screwing up on the interest is coming up wrong but i am unable to find out where. After every month its suppose to be deposit - withdrawl * monthly interest rate and then add that total to the new month etc... any help will be appreciated. Heres my class and test
public class SavingsAccount
    private double bal;
    private double intRate;
The constructor initializes an object with a
balance and an annual interest rate.
@param bal The account balance.
@param intRate The annual interest rate.
    public SavingsAccount(double bal, double intRate)
    bal= 0.0;
    intRate = 0.0;
    The withdraw method withdraws an amount from
    the account.
    @param amount The amount to withdraw.
    public void withdraw(double amount)
        bal -= amount;
    The deposit method deposits an amount into
    the account.
    @param amount The amount to deposit.
    public void deposit(double amount)
        bal += amount;
    The addInterest method calculates the monthly
    interest and adds it to the account balance.
    public void addInterest()
    // Get the monthly interest rate.
    // Calculate the last amount of interest earned.
    // Add the interest to the balance.
     intRate = bal * (intRate/12);
     bal += intRate;
    The getBalance method returns the account balance.
    @return The account balance.
    public double getBalance()
    return bal;
    The getInterestRate method returns the annual
    interest rate.
    @return The annual interest rate.
    public double getInterestRate()
    return intRate;
    The getLastInterest method returns the last amount
    of interest earned.
    @return The last amount of interest earned.
    public double getLastInterest()
    return bal;
import java.util.Scanner;
import java.text.DecimalFormat;
public class SavingsAccountTest
    public static void main(String args[])
    // Annual interest rate
       double intRate;
    // Starting balance
       double startBal;
    // Amount of deposits for a month
       double deposit;
       double totalDeposit;
    // Amount withdrawn in a month
       double withdrawn;
       double totalWithdrawn;
    // Interest earned
       double intEarned = 0;
    // Deposit accumulator
       deposit = 0.0;
       totalDeposit = 0.0;
    // Withdrawal accumulator
       withdrawn =0.0;
       totalWithdrawn = 0.0;
    // Months that have passed
       double months;
    // Create a Scanner object for keyboard input.
       Scanner keyboard = new Scanner(System.in);
    // Get the starting balance.
       System.out.println("What is your account's starting balance");
       startBal = keyboard.nextDouble();
       while (startBal < 0)
           startBal=0;
    // Get the annual interest rate.
       System.out.println("What is the annual interest rate?");
       intRate = keyboard.nextDouble();
       while (intRate <= 0 )
           intRate = 0;
    // Create a SavingsAccount object.
       SavingsAccount account = new SavingsAccount(0.0, 0.0);
    // Get the number of months that have passed.
       System.out.println("How many months have passed since the " +
                          "account has opened? ");
       months = keyboard.nextDouble();
       while (months <= 0)
           months = 1;
    // Get the deposits and withdrawals for each month.
    for (int i = 1; i <= months; i++)
    // Get the deposits.
       System.out.println("Enter the amount deposited during month " + i);
       deposit= keyboard.nextDouble();
       totalDeposit += deposit;
       while (deposit <=0)
           deposit = 0;
    // Get the withdrawals.
       System.out.println("Enter the amount withdrawn during month " + i);
       withdrawn = keyboard.nextDouble();
       totalWithdrawn += withdrawn;
       while (withdrawn <= 0)
           withdrawn = 0;
    // Add the deposits to the account.
       startBal += deposit;
    // Subtract the withdrawals.
       startBal -= withdrawn;
    // Add the monthly interest.
       intRate = startBal * intRate/12;
       startBal += intRate;
    // Accumulate the amount of interest earned.
       intRate += intEarned;
    // Create a DecimalFormat object for formatting output.
    DecimalFormat dollar = new DecimalFormat("#,##0.00");
    // Display the totals and the balance.
    System.out.println("Total deposited: " + dollar.format(totalDeposit));
    System.out.println("Total withdrawn: " + dollar.format(totalWithdrawn));
    System.out.println("Total interest earned: " + dollar.format(intEarned));
    System.out.println("Account balance: " + dollar.format(startBal));
}

Ok this is what i have fixed up so far but im still having trouble calculating the interest. Problem1) We were given the skeleton to the class and demo. I cannot figure out what to enter in getLastInterest.(completely lost all i need is hint) 2)When i try to get the Total money deposited and i call the account.deposit(balance) it keeps on giving an error void not allowed. Any help is appreciated
public class SavingsAccount
    private double balance;
    private double interest;
    private double intEarned;
    The constructor initializes an object with a
    balance and an annual interest rate.
    @param bal The account balance.
    @param intRate The annual interest rate.
    public SavingsAccount(double bal, double intRate)
    balance = bal;
    interest = intRate;
    The withdraw method withdraws an amount from
    the account.
    @param amount The amount to withdraw.
    public void withdraw(double amount)
        balance -= amount;
    The deposit method deposits an amount into
    the account.
    @param amount The amount to deposit.
    public void deposit(double amount)
        balance += amount;
    The addInterest method calculates the monthly
    interest and adds it to the account balance.
    public void addInterest()
    // Get the monthly interest rate.
    // Calculate the last amount of interest earned.
    // Add the interest to the balance.
     interest = balance * (interest/12);
     interest = intEarned;
     balance += interest;
    The getBalance method returns the account balance.
    @return The account balance.
    public double getBalance()
    return balance;
    The getInterestRate method returns the annual
    interest rate.
    @return The annual interest rate.
    public double getInterestRate()
    return interest;
    The getLastInterest method returns the last amount
    of interest earned.
    @return The last amount of interest earned.
    public double getLastInterest()
    return intEarned;
import java.util.Scanner;
import java.text.DecimalFormat;
public class SavingsAccountTest
    public static void main(String args[])
    // Annual interest rate
       double intRate;
    // Starting balance
       double balance;
    // Amount of deposits for a month
       double deposit;
    // Amount withdrawn in a month
       double withdraw;
    // Interest earned
       double intEarned = 0;
    // Deposit accumulator
       deposit = 0.0;
    // Withdrawal accumulator
       withdraw =0.0;
    // Months that have passed
       double months;
    // Create a Scanner object for keyboard input.
       Scanner keyboard = new Scanner(System.in);
    // Get the starting balance.
       System.out.println("What is your account's starting balance");
       balance = keyboard.nextDouble();
       if (balance < 0)
           balance=0;
    // Get the annual interest rate.
       System.out.println("What is the annual interest rate?");
       intRate = keyboard.nextDouble();
       if (intRate <= 0 )
           intRate = 0;
    // Create a SavingsAccount object. Cannot find Symbol!!
       SavingsAccount account = new SavingsAccount(balance,intRate);
    // Get the number of months that have passed.
       System.out.println("How many months have passed since the " +
                          "account has opened? ");
       months = keyboard.nextDouble();
       if (months <= 0)
           months = 1;
    // Get the deposits and withdrawals for each month.
    for (int i = 1; i <= months; i++)
    // Get the deposits.
       System.out.println("Enter the amount deposited during month " + i);
       deposit= keyboard.nextDouble();
       account.deposit(deposit);
       if (deposit <=0)
           deposit = 0;
    // Get the withdrawals.
       System.out.println("Enter the amount withdrawn during month " + i);
       withdraw = keyboard.nextDouble();
       account.withdraw(withdraw);
       if (withdraw <= 0 || withdraw >= balance)
           withdraw = 0;
    // Add the deposits to the account.
       account.deposit(balance);
    // Subtract the withdrawals.
       account.withdraw(balance);
    // Add the monthly interest.
       account.addInterest();
    // Accumulate the amount of interest earned. ????? Wrong
       intRate += intEarned;
    // Create a DecimalFormat object for formatting output.
    DecimalFormat dollar = new DecimalFormat("#,##0.00");
    // Display the totals and the balance.
    System.out.println("Total deposited: " + dollar.format(account.deposit(balance)));
    System.out.println("Total withdrawn: " + dollar.format(account.withdraw(balance)));
    System.out.println("Total interest earned: " + dollar.format(account.addInterest()));
    System.out.println("Account balance: " + dollar.format(account.getBalance()));
}

Interest Calculation for special GL items

Hi Experts,
We have posted some special GL indicator documents for the vendors, but in the interest calculation, that is not coming up.
However the system is picking up all the others debit and credit items for that vendor.
So what could be going wrong for this vendor?
Thanks in Advance,
Jeenat

Hi,
Check the transaction code OBAB and assign your special GL transaction to your Interest Indicator.
This should solve your issue.
However this setting applies only for account balance interest calculation.
Regards,
Gaurav

Balance Interest

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