Cleared Items Interest Calculation on Customers

Hi,
Following is the Requirement.
On 01.04.08
1. Creating a Credit Memo in FB75.
                   Misc Deposit A/c Dr..
                              To Customer A/c
2. Clearing Customer in f-31
                   Customer A/c -Dr ..
                              To Bank A/c
With this there wont be any open item on customer
But on 30.04.08 We have to calculate interest on above Misc Deposit Amount which is not paid by customer.
For Customer Credit Items Interest is being calculated fine, No problm.
Where as for above scenario.. i am not able to calculate interest .
pls do suggest some inputs.
Regards,
Shashi kanth

At least explain me about cleared items interest calculation..
in which scenario it is being used..
Regards,
shashi kanth

Similar Messages

  • Cleared Items Interest Calculation??

    Hi,
    Can somebody explain about "Cleared Items Interest Calculation"??
    when we do this and the  procedure to achieve this??
    Thanks in advance,
    Shashi Kanth

    Hi Ashok, Thank U.
    So here we have to calculate the amount paid by them after due date(cleared item)
    and the next time we may calculate interest on the amount which is due(open Line item)
    .Here the wording i have used is correct or ..???
    let me know clearly on this.
    Thank U.I got some clearance now.
    I will Assign u maximum.
    Thanks
    shashi.

  • 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 Bhandari

    Hi 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
    Regards,
    Nauma.

  • 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...

  • What are the custimization steps to run interest calculations for customers

    Hi,
    I need a full custimization steps to configure the interest calculations for customers. i created interest indicators, g/l accounts and account determinations also. but no interest is calculating for customers and customers are having no of days to calculate the interest. So please guide me on this regard.

    Hi,
    Configuring the Interest Calculations Procedure
    This configuration allows you to charge interest on overdue customer accounts.  Interest can be calculated by using the line items or overall account balances. SAP keep tracks of the date of the last interest run and stores it in the customer master record.
    First create an Interest Indicator.
    OB46 - Interest Settlement Calculation Type
    Int Calc. Type
    P - calculate interest based on line items.
    S - calculate interest based on account balances.
    Secornd, make it avaliable to the interest run program.
    OB82 - Interest Terms
    Third, determine the interest rate that will be used by the calculation.
    OBAC - Define Reference Interest Rates
    OB83 - Enter the Reference Interest Rates Value
    Fourth, assign the interest indicator to the reference interest rate.
    OB81 - Define Time Dependent Terms
    Finally, determine the how and to which accounts the interest program will post.
    OBV1 - Prepare Interest on Arrears Calculation
    Please check out the following link also:
    http://help.sap.com/saphelp_erp2004/helpdata/en/41/37b8e7455b11d182b40000e829fbfe/frameset.htm
    Hope this helps.
    Please assign points as a way to say thanks.
    Regards,

  • VENDOR LINE ITEM INTEREST CALCULATION

    Hi Friends.
    I configured all the settings relating to the line item interest calculation on vendor line items with interest calculation frequency as 1 month.
    When I run the program for the first month by using T.code F.47 by specifying the from date and to date, the system is calculating interest amount correctly but when I run the same program for the second month by specifying the from date and to date, the system is calculating interest for the current month as well as the previous month.
    Please respond.
    Regards.
    Srini

    Hi Venkat,
    The system takes the open items into consideration when calculating the interest. May be the open items that were there in the first month still continue to be existing during the current month also.  Try clearing some of the previous month's open item and run the program.  You should see some difference in the interest calculation.
    Thanks,
    P.k

  • ITEM INTEREST CALCULATION ON VENDOR AND CUSTOMER

    Dear all,
    how to calculate Item interest calculation on Vendors and customers
    what is the configuration need? please let me know it is very needful for me
    Thanks in advance.
    Regards,
      Ram.

    in ob46 we maintain int calculation types under that u can maitain int indicatro name int calculation type(P)and save
    after that u can prepare itme balance interest calculation(path spro/f/a/ap&ar/business transactions/int calculation/int calculation global settings/prepare item int calculation) here
    u can enter int indicator select open itmes check box enter calander type etc.
    define referance itn rates obac here u can enter ref int rate long text short text date from currency and save
    define time dependent terms ob81 here u can enter int indicator currency effective from sequential number term(u can select item int calculation) ref address rate etc.
    enter int values ob83 here u can enter reference int indicator from date and percentage save.
    if u have any doubt let me know.

  • "Interest on Arrears calculation" vs "Item Interest Calculation"

    Hi all,
    Could anyone explain me the difference between "Interest on Arrears calculation" and "Item Interest Calculation" and in what cases they are used.
    Thanks,
    DSK.

    Item Interest Calculation
        In this activity you make the general settings for the individual
        interest indicators for the item interest calculation
         These include settings for selecting the items and for
        calculating the interest. You can also enter specifications for interest
        postprocessing, output control, and for posting.
    Account Balance Interest Calculation
         In this step you make general specifications for each interest indicator
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         processing of interest, the output control for printing forms as well as
         the terms of payment
    Regards
    Arun

  • Item Interest Calculation

    Dear all,
    We have configured item interest calculation. That is if the payment term is 25 days from the date of invoice, the grace days is 3 days. So if the payment is made on the 28th day, the interest should not calculate but if the payment is made on the 29th day, the interest should calculate for 1 day.
    In SAP, there is a concept of tolerance day but it doesn't work as per the above requirement.
    Please suggest how it can be done.
    Thanks & Regards,
    A.Anandarajan.

    Hi
    Please check in OBB8
    Regards,
    Schilukuri

  • Item interest calculation configure

    < MODERATOR:  Message locked.  Please read the [Rules of Engagement|https://www.sdn.sap.com/irj/sdn/wiki?path=/display/home/rulesofEngagement] before posting next time. >
    hi , friends
    can you anyone send me the configuraton of item interest calculation  with screen shots ,its very urgent
    my id is goutam.jena at genus.in
    thnxs
    Edited by: gautam kumar on Jul 14, 2008 10:48 AM

    < MODERATOR:  Message locked.  Please read the [Rules of Engagement|https://www.sdn.sap.com/irj/sdn/wiki?path=/display/home/rulesofEngagement] before posting next time. >
    hi , friends
    can you anyone send me the configuraton of item interest calculation  with screen shots ,its very urgent
    my id is goutam.jena at genus.in
    thnxs
    Edited by: gautam kumar on Jul 14, 2008 10:48 AM

  • Item interest calculation config

    Hi Guru's
    Can get the Item interest calculation config..............
    Thanks in advance
    Renu

    Hi,
    Please check this link
    [Item Interest Calculation|http://www.sap-basis-abap.com/fico/steps-for-calculation-of-arrers-item%20interest.htm]
    [Interest Calculation|http://www.sap-img.com/financial/recurring-documents-and-interest-calculation.htm]
    Regards,
    Jigar

  • Reg:interest calculation on customers for  f.26

    Hi,
    After doing the transaction f.26 interest calculation on customers (security depost) then we are running the batch input session there system asking business place and profit center there we are giving manually, my client having thousands of customers so they wants update these automatically.
    is there any option for automatically updation for business place and profit center.
    Kindly give me the solution.
    Thanks &Reg
    obi

    Dear,
    To update the Business Place automatically, you will definately need to set up Sunstitution in trasaction GGB1 and assign the same in OBBH to your company code....
    If Profit Center is not variable and can same every time then you can use transaction 3KEH and assign the Profit Center to the customer reconciliation account or any other account you want for others....
    If Profit Center is based on customer group or it is variable then you will need to set up substitution......it is better that you set up substitution for both Profit Centre and Business Place..........
    Regards,
    Chintan Joshi

  • Item interest calculation in General Ledger Accounting

    HI All,
    we want to calculate interest for each deposit wise these
    deposits have different openings dates and maturity dates
    and different interest ratess  we want interest each deposit
    wise but GL code is one for different deposits Ex: FD ICICI
    Account normally we can  calculate  interest on GL Account  balances
    is it possible to calculate item interest calculation in GL
    accounting as like AR and AP
    can any body suggest solution for this requirement
    Regards
    Madhava rao
    SAP FI.CO consultant
    Mob:09909992228

    HI any body knows how to calculate interest for each deposit wise these deposits have different openings dates and maturity dates and we have only one GL master record for different deposits we want item interest calculation in General ledger aaccounting can any body suggest this query
    Regards
    Madhava rao
    SAP FI.CO consultant

  • **Interest calculation procedure- Customers***

    Folks,
    Please let me know the procedure to calculate interest on customers.
    Regards,
    Varma

    This configuration allows you to charge interest on overdue customer accounts. Interest can be calculated by using the line items or overall account balances. SAP keep tracks of the date of the last interest run and stores it in the customer master record. 
    First create an Interest Indicator. 
    OB46 - Interest Settlement Calculation Type 
    Int Calc. Type 
    P - calculate interest based on line items. 
    S - calculate interest based on account balances.
    Secornd, make it avaliable to the interest run program. 
    OB82 - Interest Terms 
    Third, determine the interest rate that will be used by the calculation. 
    OBAC - Define Reference Interest Rates 
    OB83 - Enter the Reference Interest Rates Value 
    Fourth, assign the interest indicator to the reference interest rate. 
    OB81 - Define Time Dependent Terms 
    Finally, determine the how and to which accounts the interest program will post. 
    OBV1 - Prepare Interest on Arrears Calculation

  • Open Item interest calculation with different exchange rate for each line

    Dear All
    We have a short term loan facility with our Bank. We take short term loan with bank on different terms and condition. Now user has requirement to have different interest rate for each open items depending on the posting date or any other condition. I think in SAP for one bank account only one rate is applicate for validity from date.
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    Thanks and Best Regards
    Farhan Qaiser

    Dear Ashwin,
    As of overdue days are concerned there is no standard functionality available whereas there is for amount.
    Better solution is that you get an ABAPer create your own functional module. That will help you in better way.

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