Interest calculation error

Hi,
When i run vendor interest calculation, Interest is calculating properly.
But it also calculating interest on cleared items also. It only to calculate on overdue items which are managed on open item basis.
Pls solution
Rgds
sunfico

While running the interest calculation T.Code: F.52,after giveing the all parameters under the output control you will deselect additional balance line and interest splitting options. which interest type your used (P or S).
Regards
gvr

Similar Messages

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.

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

ERROR DURING INTEREST CALCULATION -FLINT

Hello
I have med all the settings in IMG for Interest calculation
When I process Flint i get the below error .....
Account symbol 0001 cannot be replaced (modify. + )
can i know what causes this error ...i have maintained settings in OBV1
As below :
Business transaction:0001                              Interest Indicator:01
Company Code:100                                        Business area:
Debit 01       1000      customer posting
Credit 50       0001     Interest indicator
Gl has been assigned to 1000 and 0001

Hi
Please try changing the config in OBV1 as below
Business transaction:   1000          Interest Indicator:01
Company Code:           100            Business area: +
Debit          01          1000 customer posting
Credit         50           0001 Interest received
GL acct should not be assinged 1000 as it is customer acct
Thanks
Ashok
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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 overdue customer open items

Hi.
I need to calculate the interest on the customer overdue open items. for that i have configured the following steps.
OB46 - Interest Settlement Calculation Type
OB82 - Interest Terms
OBAC - Define Reference Interest Rates
OB83 - Enter the Reference Interest Rates Value
OB81 - Define Time Dependent Terms
OBV1 - Prepare Interest on Arrears Calculation
I have assigned the interest inidicator in the customer master record.
Now when i run the interest calculation using FINT, it is giving me the error " Problem class very important" and showing as "No records selected".
Can anyone help me in this issue.
Regards,
Padmavathi

Dear Mauri,
Now i got the issue solved.
In the step Prepare item interest calculation, i have given the ref date as 3 - positng date so only system is not picking the open items.
Now i changed it to 4 - Payment baseline date. its done.
Thanks.
Regards,
Padmavathi

Interest Calculation with Special G/L indicator

Dear Gurus,
I am facing problem while running the transaction FINT for interest calculation.
When am running this transaction without providing sp. G/L indicator it is working fine.
but when giving sp. g/l indicator (A : Advance Payment) in selection screen system is throwing error as follows
Mes No.         Message Text
100     Interest indicator HI is defined in the account
101     Interest will be calculated on cleared items
102     Interest will be calculated on open items
105     Interest has already been calculated on the account to 00.00.0000
Can any body suggest what mistake am doing in configuration.
Regards
Rupesh

Hi
You can use OBV1 - Interest calcualtion account assignment screen for configuring posting keys and accounts.T You need to check the box Special G/L Indcator here in account determination posting specifications detail screen.
Reg,
Shashi Somani
Edited by: SKSomani on Aug 6, 2009 6:21 PM Tcode OBV1

Balance Interest calculations

Dear Experts,
I have a problem to Run the Interest Calculation of term Loan G/L Account the massage is ..
"No general Int. terms are maintained for the following Int Calculation Indicator (account number"
Kindly reply very soon
Srinivas

i encountered the same problem and solved it by unticking the Account number as interest calculation indicator in interest indicator (t code ob46).
When you check this field this field this means you have to make a general condition for interest scale with that gl which is giving in the error preceding 0
e.g if your gl is 100500 then you have to create it by 0000100500(with 10 digits) using t code obaa.In addition the point to be noted is when you execute. tcode obaa the coulmn name is Interest calculation indicator or account number.

Compound Interest Calculator

hi, im trying to create a compound interest calculator which allows the input of the year you would like to calculate and the amount of money, the interest should already be configured into the code which is of a rate of 5.5 percent
import javax.swing.JOptionPane;
public class Savings
public static void main(String[] args) {
               String input;
               String years;
               double amount;
               double rate = 5.5;
               String input = JOptionPane.showInputDialog("Enter the amount of money");
               double principal = double.parseDouble(input);
               String years = JOptionPane.showInputDialog("Enter the amount of years");
               int nOfyears = int.parseInt(years);
               amount = principal(1+rate)*nOfyears;
               JOptionPane.showMessageDialog(amount);
This is basically what ive written so far but I know there are many mistakes, can someone help me correct it or tell me what I need to add or remove?
Thank you

jakal121 wrote:
OMG, thank you so much for that, it got rid of the problems I was having, I have updated the code now and some of the calculation process but Ive run into another problem, the following is the full updated code:
import javax.swing.JOptionPane;
import java.lang.Math;
public class Savings
     public static void main(String[] args) {
          String input;
          String years;
          double amount;
          double rate = 0.55;
               input = JOptionPane.showInputDialog("Enter the amount of money");
               double principal = Double.parseDouble(input);
               years = JOptionPane.showInputDialog("Enter the amount of years");
               double nOfyears = Double.parseDouble(years);
          amount = principal * Math.pow((1+rate), years);
JOptionPane.showMessageDialog(amount);
}the line which is causing an error is
amount = principal * Math.pow((1+rate), years);the error:
Exception in thread "main" java.lang.RuntimeException: Uncompilable source code - cannot find symbol
symbol:   variable principal
location: class Savings
at Savings.main(Savings.java:22)p.s thank you for the enormous amount of help georgemcYou're most welcome. I'm not going to fix your other problem for you, though. Instead I'm going to give you two very valuable bits of advice that I think are worth far more than me just correcting your code for you:
1) Next time you have a problem with your code, read, then try to interpret the error messages you get. Nothing else will speed up your productivity than this. They might seem cryptic at first, but they're really not, if you just take the time to think about it. Learn how to do this and you'll find that first of all you manage to fix these problems all on your own, and secondly, that you eventually stop making the mistakes at all. Persevere, trust me!
2) If you really can't figure out what's wrong, and really do need help, feel free to ask here. But make sure your first post explains clearly what the actual problem is. If you've got an error message, tell us what it is. Tell us where you think it's happening. Show a bit of code. Help us to help you, in fact. Makes everyone a happy panda
Good luck

AR Interest Calculation

Revenue is coming from customer like the following.
Customer A/c Dr
To Phone bill A/c(Revenue)
To Power bill A/c(Revenue)
If the customer fails to pay one type of bill (power) with in stipulated period he has to be charged interest. In AR interest calculation will be based on total unclear bills but I want on particular revenue.

Hi Sunfico
Thanks for the update...
I had already entered a new value in OBAC for a Reference Interest Rate and the date from was far back...
But I hadn't setup the time dependant rates correctly...
It now runs past the error but there is a further issue with
Account symbol 0003 cannot be replaced (modif. + )
I think this is to do with the account determination settings in OBV1...
Thanks again
Chris
PS Points assigned

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

Hi
I hv configured the interest calculation as shown below
1.Define interest calculation type (item interest calculation)
2.Define number ranges for interest forms(for xxxx company code)
3.Prepare Interest on Arrears Calculation(selected open and all cleared items, calender type F)
4.Define reference interest rates
5.Define Time-Based Terms
6.Enter Interest Values
7.Assign Forms for Interest Indicators
i have made postings in customer both open and cleared items for testing
but i got message"list contains no data"
do i need to make any other config.
useful answers would be rewarded with points
Regards
Prasad

Hi Prasad
PLease check whether Customer master records are assigned with correct "Interest Indicator" at company code data.
Best reagards,
S. Habib Pasha.

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

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

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.

Interest calculation error

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