Interest calculation for vendors

Hello gurus,
                 In interest calculation for vendors, In interest on arrears calculation(vendors) t-code (obv9) Here wht we have to configure the steps, like Infirst step i had given,,
Account symbol             Currency                 G/l Account
0002                                  inr                       40009(interest)
Then second step wht i have to give for vendors,, if it is general ledger we will give 2000(g/l a/c paid).
My question is wht we have to give in second step......For Vendors...
Regards,
Assign Points.

Hi,
vendors and customers interest is p type.and it is item interest calculation. The t.code f.2a, f.2b. Try with this.
If helpful assign points,
Rams

Similar Messages

ITEM INTEREST CALCULATION ON VENDOR AND CUSTOMER

Dear all,
how to calculate Item interest calculation on Vendors and customers
what is the configuration need? please let me know it is very needful for me
Thanks in advance.
Regards,
Ram.

in ob46 we maintain int calculation types under that u can maitain int indicatro name int calculation type(P)and save
after that u can prepare itme balance interest calculation(path spro/f/a/ap&ar/business transactions/int calculation/int calculation global settings/prepare item int calculation) here
u can enter int indicator select open itmes check box enter calander type etc.
define referance itn rates obac here u can enter ref int rate long text short text date from currency and save
define time dependent terms ob81 here u can enter int indicator currency effective from sequential number term(u can select item int calculation) ref address rate etc.
enter int values ob83 here u can enter reference int indicator from date and percentage save.
if u have any doubt let me know.

What are the custimization steps to run interest calculations for customers

Hi,
I need a full custimization steps to configure the interest calculations for customers. i created interest indicators, g/l accounts and account determinations also. but no interest is calculating for customers and customers are having no of days to calculate the interest. So please guide me on this regard.

Hi,
Configuring the Interest Calculations Procedure
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
Please check out the following link also:
http://help.sap.com/saphelp_erp2004/helpdata/en/41/37b8e7455b11d182b40000e829fbfe/frameset.htm
Hope this helps.
Please assign points as a way to say thanks.
Regards,

FSCM-CR: Automatical Interest Calculation for Late Payments

Hi all,
Do you guys know if there is a standard functionality ( on SAP Collections Management or in SAP Credit Management) for automatical interest calculation for the customers late payments ?
Our client is on FINBASIS 6.00
Thanks in advance.
Best Regards.

Hi,
It will not be possible to post from Collections management as it would in general not be done by receivables team.
However, interest on arrears is a standard function available in Financial Accounting itself. Maybe you can use them for your requirement.
Regards,
Ravi

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 calculation on vendor's due line items

Hi Experts,
Kindly help ne to configure Interest calculation on SME types of vendor's line items which are due for payment.
Regards,
Kuldeep Dubey

Dear Ashok,
thnks, pts assigned, but prob not solved.
if possible pl give the entire steps for me to check & may be 1 scenario
the present scenario is that i have posted vendor invoices in apr'06 , maintained vendor master, vendor not paid so far , running f.4b, selecting all relevnt fields, like calclation dt upto 30/4/06, interest posting dt to be 30/4/06, period -1, print form - printer lp01 etc etc.
Rgs
Vinod

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
Raj

Dear 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
malli

Dear 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 vendor open items

Dear Freinds,
I am trying to calculate Interest on open vendor items. t code F.4B
Sys. is given below message, pl advise, i am stuck up.Config has been done , but still the problem remains
No list generated
Message no. 02005
Diagnosis
You may have selected an invalid object or the object contains no further information.
In the case of a database query (reporting), there are no hits to match the specified selection criteria or the other program parameters reduce the data for output to nothing.
Procedure
Depending on the reason for the problem, either choose a valid object or repeat the database query with suitable selection criteria.

Dear Ashok,
thnks, pts assigned, but prob not solved.
if possible pl give the entire steps for me to check & may be 1 scenario
the present scenario is that i have posted vendor invoices in apr'06 , maintained vendor master, vendor not paid so far , running f.4b, selecting all relevnt fields, like calclation dt upto 30/4/06, interest posting dt to be 30/4/06, period -1, print form - printer lp01 etc etc.
Rgs
Vinod

Interest calculation on vendor down payments

With reference to above subject, I have configured all the settings, after that i was executed vendor interest calculation in F.4A, system showing batch in put session created.But it is not showing intrest break up...
after that I had run the batch input session in SM35 with foreground, but i will not generate any accouning document.
Thanks&regards
suresh

hi
In further selections have u checkd the special G/L indicator, and Check whether form has been properly assigned.
Cheers
Muralidhar
To say thanks reward points
Message was edited by:
Murali dhar

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.

Interest calculating for 364 days in year

hi
i am calculating interest for 1 april to 31 march for the previous year but instead of taking 365 days it is calculating for 364 days. can you tell that what i have to do to correct it.
Thanks

Hi You can see in the payment terms you mentioned as one day due to this it will calculate the interest only 364 days.
If the payment terms are correct then while running the interest( f.4b or f.2b etc.) there select the layout as open items include postings and select calculate the ineterest on net due dates then it will work properly
If you have still doubt let me know

Interest calculation with FM

We want to implement the interest calculation for vendor invoices where
the due date has been exceeded.
As this is a public entity the FM module is also installed and so the
interest calculation of this invoices should go instead of one specific
account,to the expenses accounts of each invoice and in this way, the
money that is has to be cosumpted for the interests, would take the money
from the corresponding funds management document.
The standard process is not detailing the interest of each invoices,
instead is making one post for the whole of the exceeded invoices and
against just one account that does not consume from the funds document.
By this, the funds manage principle is not fullfil.The requirement is
that the program could allow to split this interest calculation for eachinvoice and that consequently consumes from the funds document related to
the expensive account of that invoice.
Any ideas???????????
Thanks in advance
Regards

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

VENDOR LINE ITEM INTEREST CALCULATION

Hi Friends.
I configured all the settings relating to the line item interest calculation on vendor line items with interest calculation frequency as 1 month.
When I run the program for the first month by using T.code F.47 by specifying the from date and to date, the system is calculating interest amount correctly but when I run the same program for the second month by specifying the from date and to date, the system is calculating interest for the current month as well as the previous month.
Please respond.
Regards.
Srini

Hi Venkat,
The system takes the open items into consideration when calculating the interest. May be the open items that were there in the first month still continue to be existing during the current month also. Try clearing some of the previous month's open item and run the program. You should see some difference in the interest calculation.
Thanks,
P.k

Balance Interest for Vendor

Hi Friends,
I have done configuration for Balance Interest. When I am processing interest calculation for a vendor thru T.Code F.44, Batch Input Session is created. After processing the Batch Input Session without any errors, I find that no document posting is happening for the interest.
Can anybody throw some light on this.
Thanks,
Srinivas Aravalli
Edited by: Srinivas aravalli on Oct 2, 2008 3:25 PM

- Define Interest calculation Types
SPRO->Financial Accounting-> Accounts Receivable and Accounts Payable-> Business Transactions-> Interest Calculation-> Interest Calculation Global Settings-> Define Interest Calculation Types
It determines whether interest is on per item or balance
- Interest Indicator
SPRO-> ...->Interest Calculation> Interest Calculation Global Settings> Prepare Interest on Arrears Calculation
- Interest Rates
SPRO->.....>Interest Calculation> Interest Calculation > Define Reference Interest Rates
- Interest Values
SPRO->........>Interest Calculation> Interest Calculation > Enter Interest Values
- Assigning Reference interest rate to interest indicator
SPRO->..........>Interest Calculation> Interest Calculation > Define Time-Based Terms
- Interest Posting
Tcode-OBVI (Approporate GL Accounts should be existing for Interest Accounting and they are configured here)
- Also set the interest indicator in GL Account Master record
- Interest Calculation
Depending on requirement, run the appropriate TCode. eg: F.2B and that will calculate interest on open items of customers
Rgds

Interest calculation for vendors

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