Bank Loan Amortization

Good Day,
Please kindly provide me complete configuration guide on how to make automatic entry on amortization of bank loan including its interest expense wherein interest rate has been predetermined.
Proforma Entries:
Bank Loan Granted
Dr Cash In Bank XXX
Cr Bank Loan Payable XXX
Monthly Amortization
Dr Bank Loan Payable XXX
Dr Interest Expense XXX
Cr A/P- Vendor Account (for check issuance) XXXX
Also, is there any standard report in SAP wherein it will show the principal amount of bank loan, amortization recorded and the remaining due amount on the loan. If no available standard report, can you also provide table wherein I can find such data so that I can request for customization.
Appreciate the assistance you can give.
Thanks,
Rod

Hi
Please check the below mentioned configuration settings
1.SPRO->Financial Accounting-> General Ledger Accounting->Business transactions->Bank A/C interest calculation-> Interest Calculation Global Settings-> Define Interest Calculation Types
2.SPRO->Financial Accounting->  General Ledger Accounting ->Business transactions->Bank account interest calculations->Interest calculation global settings->Prepare account balance interest calculation
3.SPRO->Financial Accounting-> General Ledger Accounting ->Business transactions->Bank account interest calculation->Interest calculation->define reference interest rates.
4.SPRO->Financial Accounting-> G L Accounting->Business transactions->Bank account interest calculation->Interest calculation->Define time dependent terms.
5.SPRO-> Financial Accounting-> G L Accounting->Business transactions->Bank A/C interest calculation->Interest calculation->Enter interest values.
6.SPRO->Financial Accounting->G L Accounting->Business transactions->Bank A/C interest calculations->Interest posting->Prepare G L A/C balance interest calculation
Regards
Praveen P C

Similar Messages

  • Interest calculation on bank loan

    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.
    Thanks
    shivaji

    Hi,
    Here you need Balance interest calculation.
    Balance interest calculation used for bank loans. It calculate GL balance only
    it will take particular period and need to configure document type SA.
    Item interest calculation used for item wise calculations like vendor wise and customer wise. It depends on payment terms and in this GL accounts Select open item management.
    I hope it is cleared.
    Thanks & Regards,
    Haribabu Bodapudi

  • Bank Loan Management Add on

    Hi,
    I am looking for a Bank Loan management add -on for SAP Business One. The requirements are as below
    -able to keep track of all the borrower information
    -Reducing balance calculation for the interest
    -Release the loan to the house contractor in milestone/percentage once the loan has been approved.
    Basically is a setup for a loan company.
    Thanks.

    Hi Jordan,
    If you are still interested, we have fully implemented a construction module to monitor construction project operations onto SAP Business One (through SDK)  as well as giving the user on demand reports on the Bill of Material status.
    Would you like me to send you some more information on this industry solution?
    Regards,
    Yaron

  • Revaluation bank loan accounts

    Hi  experts
    Currently the  revaluation for bank loan accouts 1500003 and 1500004 are mapped in to 2000015. we need this to be changed to 2000016 is newly created account.
    thanks
    madhu

    Hi murali
    we configure every thing related to fcv
    but my qustion is i need balacess tranfer from old  g/l to new g/l acccount
    thanks

  • How do I reset my password for my digital signature I set up earlier today for a bank loan Signature Authorization?

    How do I reset my password for my digital signature I set up earlier today for a bank loan Signature Authorization?

    I am new at doing encrypted signatures and don't know how to bring it up in the loan document as it automatically brought up the start up page to get the digital signature.   Where do I go to set up a new one?

  • Bank Loans in SAPB1.

    Dear Experts,
    We apply loans to each AP invoice when AR invoice due date is later than AP invoice due date.
    We want to link the interest cost to each loan as a landed cost on the invoice
    (I know landed cost is not supposed to be used for that but Landed costs seems the only way to total the costs of sales
    such that profit can be shown as AP INV + costs - AR INV)
    They are short term loans typically less than 1 month.
    Loan is done on a per invoice basis.
    The loan is paid back in full as soon as AR payment is received.
    Eg
    1) AP Invoice     1,000 USD
    Due date:        June 2nd      
    AR Invoice        1,100 USD
    Due date:        June 29th
    Cost of the loan is for example 1 USD in interest. Which we would like to apply as a landed cost to the invoice.
    I cannot find a loan module in SAPB1 so I was thinking I need to make our bank
    a vendor and customer and make an AR INV for 1000 USD incoming as June 1st,
    and AP INV for 1001 USD outgoing June 30th. Then we can see our cash flow position.
    After that, I'm a bit stuck because I want to link the interest cost of 1 USD to the original AP invoice (1 above)
    as part of the cost of sales (landed cost together with freight costs) etc.
    Any kind advice or pointers in the right direction would be really appreciated.
    Message was edited by: George Harris

    Hi ,
    Could  you please elaborate your problem  .
    Is the loan service visible on portal . If yes  are the loan types coming .
    Have you checked the ess related config in back end ?.
    Also while entering loans in IT0045 do any warning messages come because all the warning messages are converted to error messages in ESS . so if there is warning message coming for loan type in back end for eg :  the maximum eligibilty for loan type XXXX  is 0 . then thye loan type shall not be visible on front end.
    so please check the above things
    Regards
    Nidhi

  • Interest and Loan Amortization SDK - Does It Exist?

    Hi Folks:
    I am looking for a toolkit that will allow me to perform Excel-like
    functions via SQL within an Oracle 10g standard edition one server. I
    don't know much about Oracle Financials, but I believe that it is
    overkill for what I am trying to accomplish. I am more interested in
    a PLUGIN/SDK/Module more like Spatial or Context/Intermedia that would
    allow me to search a loan database using interest calculation and
    amortization functions. Does such an SDK exist for Oracle? If so,
    how is it licensed?
    Thanks in advance.
    Jimmy

    Sorry, I very rarely need support cases.
    Last time I just went thru european developer support by email, thats euroasn@a...
    but that*s been a while. From the response I remember a signature announcing they changed addresses for support cases so I did not want to mislead you.
    From your typical time of posting I assume you're located in the US so probably someone else is responsible. Try asn@a...
    If neither of above email can route you further, I'd consider that a non-technical issue in the sense of the last bullet in this forum's welcome message, so you could also ask mnr@a... who is always very helpful.
    All email addresses shortened against harvesting robots, of course substitute @adobe.com
    Hth,
    Dirk

  • Banking Loan Product Types

    Hi experts;
         I need to create a taken loan from bank for my client.
    After search on the forum I found that it can be done through FN1V as mentioned below in the following thread:
    Akhil Poddar                    Jul 12, 2012 6:56 AM                                     (in response to SAP FICO)                             
    Currently Being Moderated                
    Hi,
    We are using SAP Loans Management Module -- General Loans to manage the loans given / taken. We are using the following product type :-
    33A General loan given
    33B General loan taken
    In this Loans Management module, we are able to maintain all the details with respect to start term, end term, repayment details, nominal interest, correspondence details, interest calculation methods, etc..
    Transaction code for creating General Loan -- Contract is FN1V
    Warm regards,
    Akhil Poddar
    But when I tried to create it I found that there is no such product type 33B for the General Loan Taken.
    So can someone kindly advice where (t-code) and how to do that to be able to create a General Loan Taken?
    Also can someone please provide me with the main t-codes in sequence to create:
    1. The taken loan from bank.
    2. Start date and interest will be calculated.
    3. Trace loan history (report) which installments have been settled and which are not yet with their due dates.
    Also, is there a difference to operate the Loan Management from SAP Banking or the Treasury and Risk Management or no?
    N.B.: please pardon me where I am new in such area and it is first time to recruit the Loan Management.
    Thanks in advance;
    Kind regards;
    Ahmad Mahmud;

    Hi,
    33b should be available in Customizing client. Maybe you need to get data from there to the productive client. 33B loans can then be created with FN1V.
    Kind regards,
    Michael

  • Sap Banking - Loans Migration

    Someone was Loans Migration? Which is the best technique?
    Thank You Very Much, Herná

    hi,
    bdc s best method s upload the bank related migration.
    regards"
    Prabu

  • SAP BANKING - Loans management

    hello everyone,
    Can anyone provide me the table names relating to loans management.
    Thanks & Regards
    vinila kanakala

    VDARL  is the loan master table...
    VZZKOKO and VZZKOPO are condition tables
    VDBEKI , VDBEPI and VDBEPP are flow data tables

  • Foreign currency Loans - does anyon know CFM/SAP Banking?

    Hi Gurus,
    Can anyone assist with the procedure for loading foreign currency loans in SAP Banking?
    Edited by: Victor Tutani on Jun 2, 2008 10:32 AM

    Dear  Victor
    This is about  Treasury/  Banking Loans
    You  could  easily  use  LSMW / BDC for loading these loans .  Do  you have any  specific  problems ?
    Thanks
    Malolan

  • Loans Management - Withholding Tax on Interest - Product type 33A

    Dear Experts,
    I´m trying to config the withholding tax on interest per product type 33A General Loan Given.  Do you know which is the correct flow type to use and how to config and link it  in order to set the base amount related to the interest calculated amount?
    In my design is always a quarterly calculation for Intercompany loans and, in special case, I need to apply the WHT to the calculated amount of the interest.
    Example:
    Interest invoice : Flow Type 0110 A_Interest debit pos. rec.
    01     Customer Affiliate         1000
    50     P&L Interest                 1000
    Interest invoice with 10% WHT
    01     Customer Affiliate           900
    40     WHT 10%                       10
    50     P&L Interest                 1000
    Thanks in advance for any helpful advice you could provide me.
    Best regards
    Paolo

    Hi Feng,
    are you sure it will work also for SAP Banking Loans Management? I read the attached documentation of WHT for India and every call-out is related to TRM.
    May you please confirm me which flow type of loans management is covering this sub-process?
    Thanks and regards
    Paolo

  • Revolving Loan function in Loan (Taken) Management

    Hi SAP Treasury experts,
    I have set up the transaction for Loan Taken function. Example:
    2/1 Capital = 10 million
    3/1 Disburse = 7, Balance disburse = 7, Remain cap = 3, Total Disburse ever = 7
    4/1 Disburse = 3, Balance disburse = 10, Remain cap = 0, Total Disburse ever = 10
    5/1 Repay = 6, Balance disburse = 4, Remain cap = 6, Total Disburse ever = 10
    6/1 Disburse = 4, Balance disburse = 8, Remain cap = 2, Total Disburse ever = 14 --> This is the Revolving process
    On the 4/1, Total disburse ever = 10. But actually, on 5/1 i have done the repayment transaction, so the Remain capital is added again tobe = 6 (supposed to be).
    Until this step, i can not do the disbursement again. In terms of Revolving process, we should able to do the re-disburement again.
    Do you have any idea or advise?
    Please kindly help
    Thank you very much
    Regards,
    Andi Hermawan

    Hi Andi,
    Loans management products cannot be linked to Facility in TRM.  If you like to use Facilities in Treasury & Risk management, you are required to map your loan products in Money Market and use complete functionality of TRM only and no link to SAP Banking - Loans Management.
    Coming to your scenario of Revolving loan, here you are trying to utilize the repayment amount and get additional disbursement.  In this case you need to create a flow type for repayment which will increase available capital for disbursement as and when the repayment flow is posted/paid.  Try to explore and find if there is a flow type in Loans Management itself which behaves in this way.
    thanks,
    Kumar

  • FNRA - Loan Accrual and deferral

    Hi Experts,
    Appreciate your help to enlighten me why I encounter "No accruals/deferrals amounts determined"  after running t.code FNRA.
    Can somebody know prerequisite of the report.
    Thank you very much.

    Hello, Daniel,
    How are you?
    I have been looking in IMG ->SAP Banking -> Loans management -> Trans. management -> Update Types -> Define Update types to Usage types (only MM1100-, I don't know if would be necessary MM1100+)  and --> Assign Loan Flow types to Update Types (here, the scren is empty, wouln't have any configuration?
    In the way that you send me it seems that there is any error in configuration.
    Which would be the other causes for this message? How could I fix that?
    Thanks in advance for your any help.
    Cristina.

  • Error when trying to post interest using FNM1 in Loan Module

    Hi,
    I am getting error "50   E  INTEREST EXP or ZBA CONTRA ACCT cannot be replaced' when positng the interest payment for loan in loan module. The system has posted a planned record and i see it in the cash flow however when posting the planned record it is giving the above error.
    Your inputs are greatly appreciated.

    check loan posting scheme here:
    Spro - SAP Banking - Loans management - Functions - Accounting - Define account determination
    Check posting category against debit/credit posting codes and linked GL accounts for your account symbols or post here what you have defined and I couldl see what the problem is

Maybe you are looking for

  • My ipod wont connect to the computer but will connect to an ipod stereo

    I have a 2nd generation nano that I have had for 2 years, but not used very much. It has always worked fine and still does however it wont connect to the computer at all. I have tried different ipod usb cables and different computers. It will charge

  • Will I lose music if I uninstall & reinstall iTunes?

    When my desktop appears after powering on my windows 7 pc, it says im missing iTunesHelper. when I try to open iTunes Apple Application not found, uninstall iTunes & reinstall. Will that delete my library?

  • The strange behaviour of the notification

    Coherence 3.3.1/389      .Net API 3.3.1.2      I have C++ GUI client with grid. It shows in the grid all updates from Coherence.      I have also the 'server' application, which inserts objects into Coherence (1 - 2 per second).      I use 'near-sche

  • Restoring/Recovering Personal Settings...

    Ok, after one failed attempt to move my Home folder to another partition, I finally found instructions to properly move it (using NetInfo Manager). So, after I did that and logged in and saw that it worked, I deleted (perhaps too soon) my old Home fo

  • ¿Como guardo una sesion con mozilla firefox 5?

    con firefox 4, alcerrar la ventana aparece un cuadro de dialogo, prguntando, si deseo guardar esa sesion y la proxima vez que abra el explorador la secion se restaura tal y como estaba antes de cerrar