GL account assginment interest calculation

Hi
as per client requirement we are create 3 interest indicator for customer's account respectively 12%,15% and 18% and create and assign 3 General Ledger account ( individual ) in GL master ( FS00 ).after then client wants create only one general ledger account in FS00 and assign that GL account to that three interest indicator ( 12%,15% and 18% ) that possible 1 gl assign for 3 different interest indicator.
Thanks
Kisanp

Hi,
For gl master how you can assign multiple indicator,there is only single indicator assignment space.
Regards
Milind Sonalkar

Similar Messages

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

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

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)

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

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 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

"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
     for the account balance interest calculation. These include
     determination of the period, the interest determination, the subsequent
     processing of interest, the output control for printing forms as well as
     the terms of payment
Regards
Arun

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.

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.

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

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

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.

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.
Regards

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

GL account assginment interest calculation

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