FI Bank Account Interest Calculation

How to customize compound interest calculation on bank accounts in the Bank Account Interest Calculation?

Hi,
The process for configuring the system to calculate Interest on bank account is as follows:-
1.Define reference Int Rates
2.Enter Interest Values
3.Prepare GL account balance interest calculation for interest posting
Then you execute F.52 for calculating the interest by providing the required parameters
Regards
Phani

Similar Messages

  • G/L account interest calculation

    Hello Experts,
    I have an issue with F.52 interest calculation; we have calculating interest for the period 01.07.2011 to 31.07.2011. However, calculation went fine for all G/L account except two G/L account which has calculating interest for earlier periods also.
    We analyze the issue and found out a one possibility, because of field u201CDate of Last Interest Runu201D however this field applies only when there is posting to G/L account with earlier date for which interest already been calculated. I have seen the documents which were wrongly picked in the interest run, and entry date is in earlier monthly only.
    I do not understand why these two G/L accounts is picking the documents in the earlier periods to calculate the interest for the period 01.07.2011 to 31.07.2011.
    Thanks in advance.
    Regards,
    MM

    Hello Mauri,
    Thank you very much for your reply.
    First of all we are not using the G/L updation through this program.
    I have an issue with only for the period 01.07.2011 and 31.07.2011 for two G/L account, and calculation is asolutely fine for all the earlier periods and even for next period 01.08.2011 ot 31.08.2011.
    As per my understanding u201CDate of Last Interest Runu201D, applies only when there is posting to the G/L account with earlier date for which interest already been calculated.
    If I keep the Date of Last Interest Run field blank, it calculate interest only for the period 01.01.2011 to 31.07.2011, however I can.t propose this solution because in all earlier periods they executed F.52 transaction with similar input parameter and calculation is absolutely fine.
    Please let me know your view.
    Regards,
    MM

  • G/L Interest calculation  procedure

    Balance Interest calculation
    For term loan
    Pls send any one G/L Accounts Interest Calculation procedure
    Configuration
    It is very urgent

    Balance Interest Calculation: -
    It is a calculation of Interest on total balance of an  account or total balance of customer account. it is represented in "s".
    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.
    To display all transaction codes go to transaction code:SE16
    The Nine configuration steps for calculation of balance interest calculation are
    1) Define interest calculation type (OB46)
    2) Prepare account balance interest calculation (OBAA)
    3) Define reference interest rates (OBAC)
    4) Define time dependent terms (OB81)
    5) Define or specify interest rates (OB83)
    6) Create G L Accounts for Intesrest Gained and Interest allowed and Loan Account (FS00)
    7) Prepare gl account balance interest calculation and Define automatic posting (OBV2)
    8) Entry for Loan (F-02)
    9) Run interest programm (f.52)
    Step 01: Define interest calculation types (OB46)
    Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation global settings>Define interest calculation types
    Go to new entries
    Interest Id (V1) put discription Name Interest calculation type (S) and enter it will take automatically balance interest for S
    Make sure don't tick mark the box given and save it.
    Step 02: Prepare account balance interest calculation (OBAA)
    Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation global settings>Prepare account balance interest calculation
    Go to new entries
    Give calculation indicator as defined V1
    Interest calculation frequency : 01 (1 month)
    Calendar type : G (28-31/365)
    Give number range : 03
    Select balance plus interest.
    Save
    Step 03: Define reference interest rate (OBAC)
    Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Define reference interest rates
    Go to new entries
    Reference interest rate : V1 (same as Interest Indicator)
    Long text : 12%balanace interest
    Short text : 12% balance interest
    Date from : 01.03.2010
    Currency : INR
    Save
    Step 04: Define time dependent terms (OB81)
    Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Define time dependent terms
    Go to new entries
    Interest calculation indicator : V1
    Currency key : INR
    Effective from : 01.03.2010
    Sequential no : 01
    Term : Debit interest balance interest calculation
    Reference interest rate : V1
    Save
    Go to new entries or F8
    Interest calculation indicator : V1
    Currency : INR
    Effective from : 01.03.2010
    Sequential no : 02
    Term : credit interest balance interest calculation
    Reference interest rate : V1
    Save
    Step 05: Enter Reference Interest Rate Values (OB83)
    Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Enter interest values.
    Go to new entries
    Reference int. rate (V1)
    values effective from (01.03.2010)
    interest rate (12%)
    Before creating GL account Go to T.Code: OBD4 to create secured loans account group.
    Go to new entries
    Chart of accounts a/c group name from account to account
    Chart of Account 'TATA' secured loans 100300 100399
    TATA  INTR interest Expenses 400100 400199
    TATA  INTR interest Gained 300100 300199
    Save
    Step 06: Creation of G L Accounts (FS00)
    G L A/C no : 100305
    Company code : TATA (Tata Infotech)
    Select create button
    Account group : secured loans
    Select balance sheet account
    Short text : HSBC Bank Account
    Long text : HSBC Bank Loan Account
    Select control data tab
    Select only balances in local currencies
    Select open item
    Select line item display
    Sort key : 001
    Select create/bank/interest tab
    Field status group : G005
    Select relevant to cash flow
    Interest calculation indicator : V1
    Save
    Give G L A/C no : 400105
    Company code : TATA
    Select create button
    Account group : interest
    Select profit and loss account
    Short text : interest Allowed
    Long text : interest Allowed Account
    Select control data tab.
    Select line item display
    Sort key : 001
    Select create/bank/interest tab
    Field status group : G001
    Save
    Give G L A/C no : 300107
    Company code : TATA
    Select create button
    Account group : interest
    Select profit and loss account
    Short text : interest Gained
    Long text : interest Gained Account
    Select control data tab.
    Select line item display
    Sort key : 001
    Select create/bank/interest tab
    Field status group : G001
    Save
    Step 07: Define automatic posting account (OBV2)
    SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest posting>Prepare G L A/C balance interest calculation
    Go to accounts
    Chart of accounts : TATA
    A/C symbol currency G L A/C
    0002 INR 400105 (interest Allowed)
    2000 Inr 100305 (HSBC Bank Loan Account)
    Save
    Step 08: Entry for loan (F-02):
    Give document date : 01.03.2010
    Posting date : 01.03.2010
    Type : SA
    Company code : TATA
    Currency : INR
    Posting key : 40
    G L Account : 200005 (ICICI bank a/c)
    Enter
    Amount : 50,00,000
    Business area : IRON
    Value date : 01.03.2010
    Text : loan received
    Posting key : 50
    G L Account : 100305 (HSBC bank a/c)
    Enter
    Amount :   *
    Business area : IRON
    Text :   +
    Save
    Step 09: Interest calculation run (F.52):
    Accounting>Financial Accounting>General ledger>Periodic Processing>Interest calculation>Balances
    Give chart of accounts : TATA
    G L A/C no : 100305 (HSBC Bank Account)
    Company code : TATA
    Calculation period : 01.04.2010 to 31.12.2012
    Select leap year.
    Select post also if value date in past
    Select update master records
    Execute
    Go to system on menu bar.
    Select services
    Select batch input
    Select sessions
    Select RFSZIS00
    Select process
    Select display errors only
    Again select process
    The system gives the message: u201Cprocessing of batch input session completedu201D

  • 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

  • Interest calculation on bank cash credit account

    Hi All  
    My requirement is to calculate interest on cash credit account in
    bank . The interest is charged as for e.g 10% on any withdrawals above
    10000 and 12% on any withdrawals above 15000 . Whre to set this limit ?
    How will this cycle  be done and will it be posted to GLs by this interest
    calculation run or can it be used just for information purpose to cross
    check the interest calculated by the bank ?
    Please respond .

    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.
    To display all transaction codes:
    Go to t.code:SE16
    Table name: TSTC
    Keep blank maximum number of hits.
    Total transaction codes in SAP 70837.
    The following steps are involved in interest calculation.
    1. Define interest calculation types (OB46)
    2. Prepare account balance interest calculation (OBAA)
    3. Define reference interest rate (OBAC)
    4. Define time dependent terms (OB81)
    5. Enter interest values (OB83)
    6. Creation of G L Accounts (FS00)
    7. Define automatic posting (OBV2)
    8. Entry for loan (F-02)
    9. Interest calculation run (F.52)

  • 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 Interest Calculation on Opening and Closing Balance

    Hi Experts,
    I have quiry on bank interest calculation. when was run F.52, giving one months (01.04.2008 to 30.04.2008) calculation period that time system calculate interest from 01.04.2008 to 30.04.2008.
    System calculate interest on Balance Carryforward amount.
    But why the system do not calculate interest on Closing Banlance ?
    1) We do not want the system to calculate interest on Balance Carryforward Amount.
    2) And we want the System to calculate interest on 30.04.2008 (that is on closing balance).
    How this can be done?
    Reliable answer get huge points
    Regards,
    Jemes

    vlauation is at plant level (MBEW table) the storage location level does not carry values (table MARD).
    You may have to develope your own ZMB5B  program and calculate yourself what is not stored in SAP.

  • Inquiry on Interest Calculation using Interest on Arrears for Accounts Rece

    Question:How can we calculate interest on the number of days from the document date, but only start selecting the item for interest after the item is past due?
    Scenario:
         Document date - March 18th
         Due date - April 2nd
    Desired results:
    1) When running interest at the end of march the invoice will not be selected (as it is not past due)
    2) When running interest at the end of April, Interest should be assessed for 12 days for March and 30 days for April (if past due, interest is calculated from the original document date and not the past due date).
    Attempt:
    In config I tried to set up the Interest Indicator (in Prepare Item Interest Calculation) to have Ref Date as Document Date, but the calculation still returns only 19 days for April (using due date).
    Does SAP support this business requirement?
    Thank you,
    Rachel

    Hi,
    Please make use of the event 2010-Interest: Exclude Items.
    Here all the line items on the account are passed one by one and records which are eligible for interest calculations are retained and rest are excluded by RAISE item_blocked.
    You can put the check in this event on the amount.
    Regards,
    Gaurav.

  • House bank account determination error in interest rate instrument posting

    Dear Gurus,
    In IRI client pay each interest flow (1200 condition) from a different bank.This is because client do a payment as per the availability of the funds in his house banks. So every month I create a new payment detail with the payment date of the interest as the validity date with a different house bank and post each flow in TBB1 on the due date. This is working fine for the last but one payment. As usual I give a different house bank and date for the last interest payment which is due on the same day as final payment(1120 condition). When I try to post this flow I am getting error message only for flow type 1120 that "Account Determination: House Bank or House Bank account is not entered". Both the flows are due on same day but both have different flow types and bank. Is this a limitation or I need to do something?
    Any help is appreciated.
    Regards
    Komal

    Komal,
    You can have separate bank details for each flow type. Try to create a separate one for flow 1120 and 1200 for the last validity date and then post. Let me know whether you still get the error.
    Kalyan

  • Configuration  automatic interest calculation on Accounts Receivable (AR)

    HI Guru's
    Any one can send me documents for :..
    Configuration  automatic interest calculation on Accounts Receivable (AR) open invoices for AR module based on aging of the customer i.e. different ageing different percentage.
    Configuraton of automatic journal entry for interest calculated.
    regards
    JK

    Tax gets calculated based on the rules setup. At lease default values of attributes like applicability, registration, POS etc are provided once the tax setup is done.
    Please check the rules that are setup in Tax Managers to ensure which tax is getting calculated.
    If you do not want tax to be calculated unless a TCC is supplied by user, you can setup a default tax with rate as zero which will be deafulted evrytime without TCC.
    For rest of the cases where a TCC will be entered, you can setup up Determining Factor Sets, Condition Sets and then create rules using them for appropriate tax calculations.
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  • Interest calculated not posting automatically in to respective gl accounts

    Hi
    I have made all the required configuration for Interest calculation  on G/L .while running through f.52 it is used to calculate interest correctly but it failes to post to the respective ledgers I have also made required configuration for automatic posting in OBV2.Kindly guide me to solve this problem
    Thanks in advance
    Regards
    Praveen

    Hi,
    Please check the t.code OBV2 where we actually assign the GL accounts against which we want the interest to be posted. Also check the GL account in FS00, if the interest indicator created is mentioned or not.
    Thank you,
    Shilpa

  • Daily interest calculation on GL account 5

    Hello
    I see in transaction OBAA that interest calculation frequency starts only from one month (id 01, 1 month) and more. I have the requirement to calculate and post interest on a GL account each day.
    Any suggestion? Instead of FI-GL I should use Treasury and create a money market product / security?
    kr
    Arjan

    Hello
    I want to set up account determination for treasury for following update types (related to regular bonds)
    SAM1105     Installment/repayment
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    SE1000     Purchase
    Can somebody send me sample contents for following tables
    TRAC_ACCSYMB_T
    TRACV_POSTRULE
    RACV_DFTRULE1
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    TRACV_ACCSYMREP
    kr
    Arjan

  • Error when creating GL accounts regarding interest calculation

    Dear colleagues
    When I create a GL account the system comes up with the sequent error message Field "Date of last interest run" contains an entry, although it is hidden. It is strange cause we are not using this functionality and as the message says we have this field hidden int the account group. We have installed the baseline package and i was wondering if there is any customizing point where the interest calculation functionality is activated or decativated (like global company code parameters). Your help will be appreciated,
    Kind regards
    Marc

    Hi
    The same is maintained in GL master.Pls unhide the field and check the entries in the master
    Regards
    Sanil Bhandari

  • 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

  • GL Accounts On Interest Calculation

    Hi
    Interest calculation on projects is working, but I am unsure of my GL account postings. When Interest calculation takes place the same GL account gets debited and credited - this is for interest paid. As soon as I settle my project the same GL account gets credited again leaving me with a credit balance. Is this correct? Seems to me that the GL account must be debited when interest gets calculated and then credited when I settle leaving the account balance as zero. Can someone help with the GL setup and explain the process
    Thanks

    Hi
    The same is maintained in GL master.Pls unhide the field and check the entries in the master
    Regards
    Sanil Bhandari

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