Interest calculation and Invoicing
Hello
I'm looking for a way to generate an invoice follow the calculation of the interest.
Is there some one does alreday this or not ?
For information, we are using ECC 6 without CRM module.
Thanks for your help
Philippe
Hello Philippe,
Firstly you will need to create a documenyt typ ein OAB7 for this interest calculation button. Also create a number range in FBN1.
Then You can change the document type for the Interest calculation using the
following customizing setting:
IMG path:
Financial Accounting -> Accounts Receivable and Accounts Payable
-> Business Transactions -> Interest Calculation -> Interest
Posting -> A/R: Calculation of Interest on Arrears
Here you can select Goto -> Document type and you select the
required document type.
hope this helps
Ray
Similar Messages
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Minority Interest calculation and consolidation
Hi people. i am new to HFM. I am kind of stuck with Minority Interest calculation and the consolidation of it. Now after looking at different posts on the minority interest calculation here , i am still confused if we could use the calculation expression for Minority Interest calculation within Sub Consolidate() or should we include it in Sub Calculate(). Please find below the script that i am working on.
SCRIPT :
Sub Consolidate()
Method=HS.Node.Method("")
PCon=HS.Node.PCon("")
POwn=HS.Node.POwn("")
vMIN=1-HS.Node.POwn("")
PMin=PCon-POwn
Dim strAccount,i
Set DataUnit=HS.OpenDataUnit("")
NumItems=DataUnit.GetNumItems
For i=0 to NumItems-1
Call DataUnit.GetItem(i,strAccount,ICP,Custom1,Custom2,Custom3,Custom4,Data)
If Method="Holding" Then
Call HS.Con("",PCon,"")
End If
If Method="Global" Then
If StrAccount = "281100" Then
Call HS.Con("A#281100",PMin,"PMin")
'Call HS.Con("A#281000",vMIN,"")
Else
Call HS.Con("",POwn,"")
End If
End If
'If HS.Account.IsConsolidated(strAccount) and Data0 Then
'If Data0 Then
'HS.Con "A#"&strAccount,POwn,""
'If StrAccount = "281100" Then
'HS.Con "",PMin,""
'End If
'End If
'End If
Next
End sub
Sub Calculate()
HS.EXP "A#281100 = A#CapitalStock - A#Investments"
End Sub
My Doubts :
1. Is the expression correct for Minority Interest calculation ?
2. If so can we use it in Sub Consolidate() ?
3. Should the Minority Interest consolidate to its parent using PMin ? If so kindly provide the appropriate expression.
Looking forward to some help. Thanks in advance.Hi,
If I got it correctly, you don't want the A#281100 calculation to happen for your holding company. There is a preferable way to do your consolidation that avoids involving the Calculate() altogether. So scrap your Calculate and write this Consolidate() instead:
Sub Consolidate()
Method=HS.Node.Method("")
PCon=HS.Node.PCon("")
POwn=HS.Node.POwn("")
vMIN=1-HS.Node.POwn("")
PMin=PCon-POwn
Dim strAccount,i
Set DataUnit=HS.OpenDataUnit("")
NumItems=DataUnit.GetNumItems
For i=0 to NumItems-1
Call DataUnit.GetItem(i,strAccount,ICP,Custom1,Custom2,Custom3,Custom4,Data)
If Method="Holding" Then
Call HS.Con("",PCon,"")End If
If Method="Global" Then
If StrAccount = "CapitalStock" Then
Call HS.Con("",POwn,"")
Call HS.Con("A#281100",PMin,"")ElseIf StrAccount = "Investments" Then
Call HS.Con("",POwn,"")
Call HS.Con("A#281100", (-1) * PMin,"")Else
Call HS.Con("",POwn,"")End IfEnd IfNextEnd subWith this code, the minority interest will calculate only for entities using the Global method.
I did not drive you to this solution immediately in order to avoid to confuse you, as well as because this does not address the issue of Calculation() running at many Value levels.
Regards,
--Kostas -
Interest calculation from invoice date
Hi Friend
Customer invoice date : 01.08.2014
Due date is (20 day's) : 20.08.2014
Customer make payment on 25.08.2014,
if we calculate interest in sap count the 5 Day's (21.08.2014 to 25.08.2014)
but client is requirement is interest calculation on 25 days (01.08.2014 to 25.08.2014). any standard setting is there are customization are required....?
Regrd"s
MalleshHello Mallesh,
You need to review your payment terms which are assigned in the Customer/vendor master data.
regards
Ray -
GST calculation and Invoice History Instance
Hi experts,
I really need your help here.
My decimal places settings:
amount 2
price 5
rates 6
quantities 0
percent 2
units 2
My 1st question:
How SAP calculates the GST 7%?
I worked out this formula by seeing from SAP results:
Exc. Rate 1.408000
Line Total USD 714.80
Tax USD 50.04
Total USD 764.84
My customer A/P Invoice (from supplier) tax is 70.46 but in SAP it is 70.45 meaning SAP is actually taking 714.801.4080007/100 = 70.45 rather than USD50.40*1.408000
I tested with more than 15 invoices and the results are the same (meaning either one cent extra or less). My customer wanted to kill me so badly why SAP is behaving like this. Check this invoice:
Exc. Rate 1.373000
Line Total USD 225.00
Tax USD 15.75
Total USD 240.75
If you used the same formula as mentioned above, we should get 21.62475 but when I looked into the entry created by SAP it shows 21.63. Why? Is it because of round up? 5 rounded up and 7 became 8, 8 rounded up and 4 became 5, 5 rounded up and 4 became 5 and finally 5 rounded up and 2 became 3? What should I do for my customer? Post journal entries?
My 2nd question:
My invoice figures are as following:
subtotal SGD 116.00
gst SGD 8.12
total SGD 124.12
When I looked into the transaction (journal entry) it is showing the customer account is debited with SGD117.29, GST account is SGD 7.67 credited and Sales account SGD 109.62? Why? I checked the change log for that particular invoice. Double click then i brought out the invoice history instance #1, it is showing the same figures as in journal entry? Why?
Please advice.
Best regards,
LimHi Lim,
For AP invoices, you can force in the tax amount. Update your Form Settings so that the "Tax Amount" field is displayed. Another option would be to look into the rounding or under/overpayment features. Where you are using foreign currency, you may want to have rounding active. Do some test transactions is your test db (copy of the live/production database) to see if this is the right solution for you.
Amount = extended price/amount (line total). If your price is at 5 decimals, the line total (extended price/amt) will be rounded to 2 decimals, which explains what you see (21.63).
For 1st question: tax is calculated on net amount then it applies the exchange to the tax amount so 70.45 is correct.
For 2nd question, not sure what it is you are looking for... Are you sure you have the currencies and amounts in your question correct? Do you display both LC & FC in the J/E? Only way I can think of amounts changing is if you are looking at amount for one transaction (ex. Delivery) vs another (ex. AR invoice) and the rate may be different in the two transactions.
If you need more assistance, please indicate your currency settings as well as SBO version/localization.
Regards,
Heather -
IFRS requirement , minority interest calculation and accounting for in SAP.
hi ,
We need financial consolidation with full consolidation , equity interest, minority interest as per IFRS requirements along with inter company eliminations
Will it be possible thru ECCS or we need to go to SEM suite.
thanks
KRHi,
With Virtual Ledgers in Ecc 5.0 and 6.0 we can customise few things and connected to ECCS module.
If you have BI,SEM modules implemented then it is better to go with Consolidation modules rather than ECCS.
Thanks
G Bharathi -
Interest Calculation on Open Invoices(Customers)
HI all,
MY client Needs forllowing Configuration any one can send me documentation for automatic interest calculation 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.
[email protected]
regards
JKHI!
It's used for Customer Int Calculations.
INTEREST CALCULATIONS
Ob46 Define Interest calculation
Obaa Prepare A/c balance interest calculation
Oba4 Define Reference Interest Rates
Ob81 Define Time Depend term
Ob83 Enter Interest values
F-52 Interest calculation
To give Effect for floating rate of Int
Foreign currency balances revaluation
Ob59 Define valuation methods
regards,
Rup -
VendorPayables Over due Interest calculation.
Hi Gurus,
Help needed plzz..
needed to caliculate interest on over due payables. There are net 30 payment terma in the system. if for some reason i entered an invoice with invoice date which is 31days or more behind the current date then i need to caliculate interest on the late payment and show it in a report. Or post to an expence account with the same account assignments as the invoice.
say, current date: 07/03/2007 mm/dd/yyyy
invoice date : 05/15/2007
if net 30 days payable term is applied to the invoice and i entered it on current date i.e the posting date. this invoice will get paid immediately in the next payment run, but before i pay that invoice i would have to include the interest caliculate from 06/15/2007 to 07/05/2007(say my next payment run was on 07/05/2007). this like 18 days over due .
How can i caliculate interest on this one the interest rate to be used is 3% .
Gurus please advice on how i need to set up the interest Indicator and all other stuff. i know where i need to set most of the things in interest cali. config., but i need advice on what settings to make, so that we meet the requirement.
help ......Interest calculation is controlled by settings made in the interest indicator in the master record. You make additional specifications for each interest calculation.
Interest is calculated using the debit interest rate defined for the interest indicator in the system. Credit interest rates are used when interest is being calculated on items paid prior to their due date.
There are different ways to calculate interest:
· To calculate and post interest on only cleared items, in the Accounts Receivable or Accounts Payable menu, choose Periodic Processing ® Interest Calculation ® Arrears ® Without Open Items. The system calculates interest as of the due date for net payment.
· To calculate and post interest on open and cleared items, in the Accounts Receivable or Accounts Payable menu, choose Periodic Processing ® Interest Calculation ® Arrears ® With Open Items. The system calculates interest as of the upper limit date of the last interest run.
· To calculate interest on open and/or cleared items without posting the interest, in the Accounts Receivable or Accounts Payable menu, choose Periodic Processing ® Interest Calculation ® Arrears ® Without Postings. The system calculates interest as of the due date for net payment.
In each of the above cases, the relevant fields have default entries or only the selection criteria required are displayed.
· To calculate interest any other way, in the Accounts Receivable or Accounts Payable menu, choose Periodic Processing ® Interest Calculation ® Arrears ® Free Selections .
For more information about calculating interest on arrears, see the report documentation:
RFDUZI00 Calculation of Interest on Arrears (Customers)
RFKUZI00 Calculation of Interest on Arrears (Vendors)
There are two fields in the company code data area of customer and vendor master records that are relevant for the calculation of interest on arrears:
Interest indic.
The program that calculates interest on arrears uses the interest indicator specified in the customer master record. The most important specifications for the interest calculation run are stored under the interest indicator. They include, for example, rules determining which items are selected for interest calculation and how the interest is calculated.
The interest indicator must be assigned the interest calculation type Item interest calculation.
Last key date
After each interest calculation run, the program enters the upper limit of the calculation period into this field by batch input. This is the date you have specified for the calculation run.
Hope that helps...
Thanks,
Nandita
Assign points if helpful -
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,
Nehacan some one provide some advice on this..?
thanks,
Neha -
Interest calculation type-Z-Penalty Interest Calculation
Hi all !!
I would like to know about the Interest calculation type-Z-Penalty Interest Calculation, if it is necesary to do some aditional customizing , and which are the differences between Item Interest Calculation and Penalty Interest Calculation.
Best regards and thanks allThanks Chandra,
Could you give us some links where we can find more info of how to configure/run this specific issue of calculate interest on interest and other aspects of penalty interest calculation.
The other point if it is possible or there is a way to depending on open items for a same vendor have a different interest indicator, I mean something like a field at the financial document in order to choose between different type of interest indicators.
Best regards and thanks -
"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 -
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.,
NeerajDear 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 -
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 PrikockisHi,
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 -
Balance interest calculation on vendors
Hi,
Is it possible to calculate interest on vendor balances?
I did all the settings for interest calculation and assigned the interest indicator to the vendor master. When I run the interest calculation program (Free Selection) a batch input session is generated but ZERO transactions are processed in the session. I made a vendor posting as well as a part payment. I want to calculated interest on the open items.
Please advise.
Thanks in advance
RajDear Raj,
are You asking if it is possible to calculate the interest on items (on arrears) on vendors?
The answer is yes.
You should use the report RFINTITAP. There is an old one RFKUZI00 but please use the new one; You can use the transaction FINTAP as well.
There are a lot of steps to do: create an interest indicator linked to P (interest calc. type) --> ITEM INTEREST CALCULATION, then You to define the item selection by IMG -->
Prepare Interest on Arrears Calculation
Prepare Item Interest Calculation
and then customize the following steps:
Define Time-Based Terms
Interest on Arrears Calculation (Vendors)
Then insert the relevant interest indicator into the vendor master data.
I hope this can help.
Mauri -
Interest Calculation on Vendors
Hi,
while excecuting the batch input for inetrest calculation on vendors system not updating the with holding tax after completion of the transaction from f.44. but it has to calculate the tax.
kindly send me solution how many way's it will be.
Thanks & Reg
malliDear Raj,
are You asking if it is possible to calculate the interest on items (on arrears) on vendors?
The answer is yes.
You should use the report RFINTITAP. There is an old one RFKUZI00 but please use the new one; You can use the transaction FINTAP as well.
There are a lot of steps to do: create an interest indicator linked to P (interest calc. type) --> ITEM INTEREST CALCULATION, then You to define the item selection by IMG -->
Prepare Interest on Arrears Calculation
Prepare Item Interest Calculation
and then customize the following steps:
Define Time-Based Terms
Interest on Arrears Calculation (Vendors)
Then insert the relevant interest indicator into the vendor master data.
I hope this can help.
Mauri -
Interest calculated even in blocked documents
Hi,
I ran interest calculation and blocked those documents not to be calculated with interest.
Upon posting, some of those blocked documents still calculated interest.
What could be the reason why it still calculated interest and what can we do to prevent this from happening again.
Thanks so much!
RachelleGo to Financial Accounting>Accounts Receivable and Accounts Payable>Business Transactions>Interest Calculation>Interest Calculation Global Settings>Define Interest Calculation Types
Check if the interest calculation indicator is P
Rgds,
Harmees
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