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
Similar Messages
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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 secured loans
Hi guys,
I have a customer invoice at 1000 rs after that i have been paid to customer for 5000 rs. The difference amount of 4000 rs (5000 - 1000 ) we have considered as a secured loan. So how can i calculated the interest on the 4000 rs only.
Please let me know the configuration steps with documentation.
Thanks
RamHEllo!
In the report RFINTITAR, you use the interest indicator customizing:
IMG > Prepare Item Interest Calculation > Ref. Date
(table V_T056UX) > field Ref.
(FI Item Interest Calculation: Reference Date)
You have the possibility to define what You need to be considered as
incoming payment due date, choosing between:
1 Value Date (or Baseline Date for Net Payment)
2 Document Date
3 Posting Date
4 Payment Baseline Date
As you can use one interest indicator per customer/vendor you can use only of the dates is used. But, in this
program you can use the BADI FI_INT_CUS01. Please, check if you can meet your business requirements using the methods
of the BADI.
REgards,
REnan -
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 -
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 urgentBalance 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 -
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
Srinivasi 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. -
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,
Jemesvlauation 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. -
Good Day,
Please kindly provide me complete configuration guide on how to make automatic entry on amortization of bank loan including its interest expense wherein interest rate has been predetermined.
Proforma Entries:
Bank Loan Granted
Dr Cash In Bank XXX
Cr Bank Loan Payable XXX
Monthly Amortization
Dr Bank Loan Payable XXX
Dr Interest Expense XXX
Cr A/P- Vendor Account (for check issuance) XXXX
Also, is there any standard report in SAP wherein it will show the principal amount of bank loan, amortization recorded and the remaining due amount on the loan. If no available standard report, can you also provide table wherein I can find such data so that I can request for customization.
Appreciate the assistance you can give.
Thanks,
RodHi
Please check the below mentioned configuration settings
1.SPRO->Financial Accounting-> General Ledger Accounting->Business transactions->Bank A/C interest calculation-> Interest Calculation Global Settings-> Define Interest Calculation Types
2.SPRO->Financial Accounting-> General Ledger Accounting ->Business transactions->Bank account interest calculations->Interest calculation global settings->Prepare account balance interest calculation
3.SPRO->Financial Accounting-> General Ledger Accounting ->Business transactions->Bank account interest calculation->Interest calculation->define reference interest rates.
4.SPRO->Financial Accounting-> G L Accounting->Business transactions->Bank account interest calculation->Interest calculation->Define time dependent terms.
5.SPRO-> Financial Accounting-> G L Accounting->Business transactions->Bank A/C interest calculation->Interest calculation->Enter interest values.
6.SPRO->Financial Accounting->G L Accounting->Business transactions->Bank A/C interest calculations->Interest posting->Prepare G L A/C balance interest calculation
Regards
Praveen P C -
Hi,
I am looking for a Bank Loan management add -on for SAP Business One. The requirements are as below
-able to keep track of all the borrower information
-Reducing balance calculation for the interest
-Release the loan to the house contractor in milestone/percentage once the loan has been approved.
Basically is a setup for a loan company.
Thanks.Hi Jordan,
If you are still interested, we have fully implemented a construction module to monitor construction project operations onto SAP Business One (through SDK) as well as giving the user on demand reports on the Bill of Material status.
Would you like me to send you some more information on this industry solution?
Regards,
Yaron -
Hi experts;
I need to create a taken loan from bank for my client.
After search on the forum I found that it can be done through FN1V as mentioned below in the following thread:
Akhil Poddar Jul 12, 2012 6:56 AM (in response to SAP FICO)
Currently Being Moderated
Hi,
We are using SAP Loans Management Module -- General Loans to manage the loans given / taken. We are using the following product type :-
33A General loan given
33B General loan taken
In this Loans Management module, we are able to maintain all the details with respect to start term, end term, repayment details, nominal interest, correspondence details, interest calculation methods, etc..
Transaction code for creating General Loan -- Contract is FN1V
Warm regards,
Akhil Poddar
But when I tried to create it I found that there is no such product type 33B for the General Loan Taken.
So can someone kindly advice where (t-code) and how to do that to be able to create a General Loan Taken?
Also can someone please provide me with the main t-codes in sequence to create:
1. The taken loan from bank.
2. Start date and interest will be calculated.
3. Trace loan history (report) which installments have been settled and which are not yet with their due dates.
Also, is there a difference to operate the Loan Management from SAP Banking or the Treasury and Risk Management or no?
N.B.: please pardon me where I am new in such area and it is first time to recruit the Loan Management.
Thanks in advance;
Kind regards;
Ahmad Mahmud;Hi,
33b should be available in Customizing client. Maybe you need to get data from there to the productive client. 33B loans can then be created with FN1V.
Kind regards,
Michael -
No one solving:interest calculation problem
when run interest calculation,interest calculation executing but have not been
updating interest in g/l accounts and patners accounts.i assigned all accounts
in obv1,obv4.
thanks
rgs
Message was edited by:
rgsrr rgsrrHi,
Pls. find the full Interest config and check with urs -
SPRO-Fa-GL-Bus Trans-Bank Interest Calculation-Int caln GS
1. Define Int Caln type
a. Give Int ID: any 2 char
b. Int Caln type: S: Balance Int Ac type
2. Prepare Account balance Int Caln
a. Int Cal Indicator = Int Id in Step 1.a
b. Int cal Frequency = 01
c. Calendar Type: G
d. Output Ctrl: Bal + Int
3. Int Calcn: SPRO
a. Define Interest Rates: Give name, Text, Date From, Currency and Save
4. Main time dependent entries in OB81 ( 2 entries)
5. Enter the interest values Give Reference Int ID, Eff from and Interest Rate
6. Interest Posting:
a. Create Int paid and Int payable GL account in FS00
b. Click Accounts button choose ur CoA
c. A/c symbol: 002 GL: Int Paid GL account #
d. A/c symbol: 2000 GL: Int payable GL account #
7. In FS00, select ur loan account and give the Interest Indicator
8. Try posting through f.52
Regards,
Sridevi
<i><b>Award points, even if it is useful to u</b></i> -
Cleared Items Interest Calculation on Customers
Hi,
Following is the Requirement.
On 01.04.08
1. Creating a Credit Memo in FB75.
Misc Deposit A/c Dr..
To Customer A/c
2. Clearing Customer in f-31
Customer A/c -Dr ..
To Bank A/c
With this there wont be any open item on customer
But on 30.04.08 We have to calculate interest on above Misc Deposit Amount which is not paid by customer.
For Customer Credit Items Interest is being calculated fine, No problm.
Where as for above scenario.. i am not able to calculate interest .
pls do suggest some inputs.
Regards,
Shashi kanthAt least explain me about cleared items interest calculation..
in which scenario it is being used..
Regards,
shashi kanth -
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 BhandariHi 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. -
Vendor Interest calculation with penalty calculation
Dear All,
We have some requiremnt from my client.
We receive Deposit from our Loan Creditor for a specified period and refund/payback the amount along with interest after completion of the tenure of the deposit.
Meanwhile,if the depositor wants to withdraw the principle amount then the following are the scenarios,
In case the deposit is withdrawn after 6 months but before 18 months, then the rate applicable for ONE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 18 months but before 30 months, then the rate applicable for TWO year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 30 months but before 36 months, then the rate applicable for THREE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
Also we want the applicable tax should be deducted on interest and the net interset amount should be credited to depositoru2019s account once we are execute the (period specific) interest calculation run in SAP.
The entry must be
Interest on Fixed Deposits Dr
Interest Payable on Fixed Deposits (Net of TDS, if applicable) Cr
TDS on Interest Payable CR
Do suggest,how this can been config in SAP system.
Appreciate your time and patience.
Regards,Dear All,
Stil;l expected some inputs on our req.
Do comment
Regards -
Dear All,
We have some requiremnt from my client.
We receive Deposit from our Loan Creditor for a specified period and refund/payback the amount along with interest after completion of the tenure of the deposit.
Meanwhile,if the depositor wants to withdraw the principle amount then the following are the scenarios,
In case the deposit is withdrawn after 6 months but before 18 months, then the rate applicable for ONE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 18 months but before 30 months, then the rate applicable for TWO year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 30 months but before 36 months, then the rate applicable for THREE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
Also we want the applicable tax should be deducted on interest and the net interset amount should be credited to depositoru2019s account once we are execute the (period specific) interest calculation run in SAP.
The entry must be
Interest on Fixed Deposits Dr
Interest Payable on Fixed Deposits (Net of TDS, if applicable) Cr
TDS on Interest Payable CR
Do suggest,how this can been config in SAP system.
Appreciate your time and patience.
Regards,Hi
asset accounting is not the right place for this inquiry, as asset accounting does not vendor interes calculation.
Blaz
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