Dunning Wizard - Interest calculated

Hi Experts,
The interest tjhat the dunning wizard calculates on a specific BP, How does it get allocated to that BP balance? i.e does it automatically get added to the BP balance or do you need to go post it manually via journal entry or what?
Thank you.
Kind Regards,

Hi,
You can check Note No. :   1059948 regarding the issue mentioned by you where the your enquiry is clarified.
Hope it helps.
Kind Regards,
Jitin
SAP Business One Forum Team

Similar Messages

  • Automatic DUNNING or INTEREST CALCULATION email to CUSTOMER

    Hello Gurus,
    ive got one issue regarding email for DUNNING or INTEREST CALCULATION which need to be sent to customers.
    Our FI bookkeeping director wants only a reminder to be sent to customers which have overdue line items.
    ive configured fully INTEREST CALCULATION and DUNNING procedures, but now im facing the problem, that i cant find any place where to asisn SAMRTFORM form. Ive went through dunning installation and config files, forum threads etc., but still nothing.
    the second problem after assigning the SMARTFORM how to configure the EMAIL PROCESS?
    Thnaks in adviese
    Laurynas Prikockis

    Hi,
    thanks, this option im trying to implement. But something is not going right.
    ive changed the FM from one to other and tryed to use BTE 1720, regarding BTE 1040 ive got some problems since i didnt find the exact place where to put it.
    the second issue was that after changing one FM like FI_PRINT_DUNNING_NOTICE into FI_PRINT_DUNNING_NOTICE_SMARTF we had to maintain smart form. I did also this step, but running f150 the program doesnt start it. It shows that print is completed and thats all.
    Regards
    Laurynas Prikockis

  • Dunning Wizard interest in BP currency

    SAP 2007A.
    Local currency is CAD.
    Some customer's currency is USD.
    Is there a when to run the dunning wizard and have SAP calculate the interest in the BP currency instead of the local currency?
    In the Dunning Terms Setup window there are check boxes to select b/w original exchange rate of the invoice and exchange rate of the wizard run. So it makes sense that SAP B1 should be able to calculate the interes in the BP currency.
    Also, tabla DWZ2 has field IntrstCurr (Interest currency) , which would indicate that the table is prepared to store an interest amount in a currency other than the local.

    In order to calculate dunning interest in the BP currency, the dunning term has to be set up to use "Current Exchange Rate"

  • 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".
    Question:
    1. What is the fix for this problem ?
    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.
    To display the interest amount in foreign currency on Dunning Wizard select "Use Current Exchange Rate" on "Define Dunning Terms" this will display the foreign currency name on the Recommendation Report Dunning Wizard.

  • Interest calculation in Dunning Wizard

    Hi All,
    I have a question with regard to the calculation of Interest amount via Dunning wizard.
    Let us say I have a dunning term that issues Dunning Letter 1, 30 days past the due date. Dunning Letter 2 is issued 30 days past the dunning letter 1. The interest to be charged is 10% per anum.
    Let us say I have an invoice of $1000. 30 days past the due date when I run the dunning wizard, it would show an interest of 8.33. As SAP does not post the interest amount automatically in the form of a journal entry, we manually pass this journal entry for receivables of $8.33.
    Next time, when I run the dunning wizard after 30 days of running the first dunning wizard, I will see that the date of last dunning run is updated. When I check the Interest amount, it will show me 16.67. This interest amount is a cumulative i.e 8.33 (last dunning run) and 8.33 of this run.
    Now, if we pass a journal entry for 16.67, it will be wrong as I have already passed a previous journal entry for 8.33. Is there a way we can make the system count the interest days from the last dunning run to give me the incremental interest amount of $8.33. Currently the interest days are calculated from the due date of the invoice.
    Is there a UDF that can be created in the dunning wizard and can have a formatted search assigned to it?
    Thank you very much for your input.
    Regards,
    Payal

    Hi Payal,
    Please check the following information from the Dunning documentation and see if it is of any help regarding your issue :
    The interest will be calculated as follows:
    Open Sum * Annual Interest Rate * Number of Days Overdue / (Number of days in Year * 100)
    o Open Sum u2013 This value will be calculated according to the calculation method defined in the previous window (Calculate Interest Value on Remaining Sum or Calculate Interest Value on Original Sum).
    o Annual Interest Rate u2013 This value is taken from the Annual Interest Rate field in the Define Dunning Terms window.
    o Days Overdue u2013 The number of days that passed from date of payment as defined in the Invoice to the day of running the Dunning Wizard (see explanation on the Dunning Wizard below).
    If a month passed since the defined day of payment, and a value was entered into the field Number of Days in Month (for example 30 days), this value will be taken into account as follows:
    1. If the number of days in the past month was more or
    less than the number of days defined in Number of
    Days in Month field (for example if 31 or 29 days have
    passed and 30 days were defined for a month), then the
    value defined for calculation of interest will be used (in
    the example above, the value will be calculated
    according to 30 days and not 29 days).
    2. If the number of days in the past month is less than the
    number of days defined in the Number of Days in Month
    field (for example if 29 days passed and 30 days were
    defined for a month), the value defined for calculation of
    interest will be used (in the example above, the value
    will be calculated according to 30 days and not
    according to 29 days).
    3. If a month has not yet passed from the day of payment
    and the number of days overdue is less than the
    SAP Business One Dunning System in Release 2004 A
    January 2005 Page 11 of 29
    number of days defined for that month (for example 14
    days), the calculation will be done according to the
    number of days overdue (14 days), and not number of
    days in a month.
    Check if this helps.
    Regards,
    Jitin
    SAP Business One Forum Team

  • Dunning interest calculation

    Hi All,
    When I checked table MHND, the dunning interest is calculated in such a way that it doesn't consider the previous dunned date.
    Meaning :
    Dunning ran on 12-01-09 interest calculated is 500.00 ( 2 docuemnst considerded from bsid as seen from table MHND )
    Dunning ran on 15-01.09 interest calculated is 500.00 ( same as above)
    Ideally for Dunning ran on 15-01.09 , it should not calculate interest since on 12th it is done..!!
    Now queries:
    1. Where can i see these interest calculated during dunning run ( any report ? ) other than table..? In std SAP, is this interest
        calculated and shown only in the dunning letter ..? Does it have any other financial impact on outstanding..?
    2. when I try to run the single dunn. notice, and see sample print out it gives message as
    Account D 0004298846 is blocked by dunning run 20090319 MDUN1
    why is it so and how to resolve..?
    thanks,
    Neha

    can some one provide some  advice on this..?
    thanks,
    Neha

  • Dunning Wizard and Interest

    Hi everyone,
    I have the automated dunning wizard how to guide and things seem to work fine and I get the process.
    Problem is... I don't see anything after I run the wizard.  No accounts receivable entry, nothing in incoming payments, nothing.  It shows in history but that's pretty useless if you want to receive the interest.
    Is this dunning wizard system just an escalating scare tactic?  Not sure why it isn't actually adding any interest.
    Also to note, does this have anything to do with the payment terms Interest % on Receivables?  This field seems to do nothing.
    Any help would be appreciated, no theoretical answers, hopefully someone has actually been using this process.
    Thank you!
    Mike

    Hi Mike,
    You may check SAP Note Number: 1059948 and 950583 for explanation.
    Thanks,
    Gordon

  • Dunning procedure and interest calculation

    Hi All,
    usually in dunning procedure, the interest is calculated on over due items based on the period from Last Dunning date to run date.
    If the customer is never dunned before and this MDAT is never populated, how will the program generally calculate interest..?
    Can somebody explain me on how it works..?
    thankx,
    Neha

    Hi All,
    Thanks for all answers.
    When I checked table MHND, the dunning interest is calculated in such a way that it doesn't consider the previous dunned date.
    Meaning :
    Dunning ran on 12-01-09  interest calculated is 500.00 ( 2 docuemnst considerded from bsid as seen from table MHND )
    Dunning ran on 15-01.09  interest calculated is  500.00  (  same as above)
    Ideally for Dunning ran on 15-01.09 , it should not calculate interest since on 12th it is done..!!
    Now queries:
    1. Where can i see these interest calculated during dunning run ( any report ? ) other than table..?
    2. When I see the dunning run, looks like user has made some mistakes,  It shows as
               Parameters have been entered    
               Dunning run carried out, job was deleted
              Dunn. printing carried out, job was deleted
    3. when I try to run the single dunn. notice, and see sample print out it gives message as
    Account D 0004298846 is blocked by dunning run 20090319 MDUN1
    why is it so and how to resolve..?
    thanks,
    Neha

  • Posting interest calculated in Dunning run

    Hi SAP Guru's,
    I have set up item interest calculation and dunning run.
    When I make a dunning run, I can see the interest being calculated but it is not getting posted automatically.
    Also the interest calculated during dunning is not getting reflected in the dunning letter.
    Can you please help me with posting of interest from dunning run.
    Thanks in advance
    Br.,
    Neeraj

    Dear Neeraj,
    Interest amounts are not posted in FI standard dunning. The interest                   
    amount is calculated and displayed in the list/ in the pintout,                        
    but it is not posted - so there are no new documents that you can                      
    see in FBL5N.                                                                          
    Please read for Your info notes 156985 and 82995.
    I hope this helps You.
    Mauri

  • Dunning (Want to add interest calculation on unpaid invoices (open items)

    We have a requirement in dunning program. we would like to add interest calculation on unpaid invoices (open items) to our dunning letters. This interest should be not posted, but calculated only for information purposes. At this moment we can calculate interest only on cleared items.
    anyone has any idea about this ? what possibilities are there in SAP for this requirement?
    Thanks,
    Naveen

    Hello Vimal ,
    I want to understand we have setting in Dunning FBMP and OB42. if i will set the interest in OB42 and Select the interest indicator in FBMP.! the interest will be calculated for open items and no posting will be done in customer A/c?
    Will you please elobrate about the setting that will be required to do the setting as per the requirement.
    Thanks,
    Naveen
    Edited by: Naveen.Rana on May 26, 2011 9:22 AM

  • Interest calculation procedure in Dunning

    How to calculate the Interest in dunning?
    What are the steps needed to be configured for the interest calculation for the dunning process?

    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

  • Interest calculation in Dunning--urgent

    Hi guys,
    Can somebody tell me how to select an option for calculating interest of 5% after the first dunning level in dunning. I have already entered 5% interest in the box under the the dunning level 2 screen. But, when I do a dunning run, I don't see any text saying, the interest would be calculated in the first dunning letter. I can see the interest calculation script(saying tht the interest wud be calculated in the next letter i.e; 3rd letter) in the second letter. Also on the thrid letter it is showing that the interest calculated is 0.00% instead of 5%. Can somebody let me know how to shift the interest calculation script on the first dunning letter and the interest calculated in the 2nd letter should be 5%.
                              I also have another issue of printing the letters. I mean when I scheduling a dunning run, the system is not printing the  letters automatically. I have selected my printer as LP01(which is just next to me and always turned on). Everytime I have to print manually after the dunning run is complete. It shows me the message that "Printing is complete". But I have no letters printed automatically through the dunning program.
    PLs pls pls help me and i would award points.
    Thank you
    SONY

    Hi guys,
    Can somebody tell me how to select an option for calculating interest of 5% after the first dunning level in dunning. I have already entered 5% interest in the box under the the dunning level 2 screen. But, when I do a dunning run, I don't see any text saying, the interest would be calculated in the first dunning letter. I can see the interest calculation script(saying tht the interest wud be calculated in the next letter i.e; 3rd letter) in the second letter. Also on the thrid letter it is showing that the interest calculated is 0.00% instead of 5%. Can somebody let me know how to shift the interest calculation script on the first dunning letter and the interest calculated in the 2nd letter should be 5%.
                              I also have another issue of printing the letters. I mean when I scheduling a dunning run, the system is not printing the  letters automatically. I have selected my printer as LP01(which is just next to me and always turned on). Everytime I have to print manually after the dunning run is complete. It shows me the message that "Printing is complete". But I have no letters printed automatically through the dunning program.
    PLs pls pls help me and i would award points.
    Thank you
    SONY

  • Dunning interest calculation - taking 360 days instead of 365 days

    Dear Friends,
    I have done the dunning customization and forms are generating properly including the days in arrears.  But for the dunning interest calculation, it is taking only 360 days instead of 365 days. Because of this, there is a difference in interest amount in dunning (F150 tcode) and interest calculation (FINT tcode).
    Please guide me how to resolve this issue.
    Thanks in advance for your help.
    Regards,
    Dwarak.

    hi
    check the below configuration.
    spro-
    interest calculations- global settings-
    prepare item interest calculation/prepare balance interest calculations.
    here you select calender type : G(365 days)
    chandra

  • Dunning Interest Calculations

    Hi Guru's,
    Can some one help me in doing Dunning interest calculations.
    The scenario is I want to create the interest calculations for those customer whose payment has not been received till date. i.e the reate if interes is 15% after 3 grace days. If customer fails to pay before grace days calculate the interest accordingly for received amount.
    If I calculate manually the interest amount is getting diferent from what is there in SAP. Can some one help me out in this scenario.
    Thanks in advance.
    Kiran

    Hi Subbu,
    I have maintained the rate of interest and grace period of 3 days. But the amount which has to calculate is showing more than what it has to show.
    See for amount 545000 @ 15% for 89 days mine calculation is showing diff and SAP is showing diff. Infact SAP is showing less.
    Can you tell me if there is way where I can very how it the rate of interest is calculated.
    Regards,
    Kiran.

  • Dunning wizard - Finance charge

    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.
    Could you please advise ASAP.
    OR
    If there is any other way to handle finance charges, please advise.
    Thanks & Regards,
    Bhavita
    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...

Maybe you are looking for