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.

Similar Messages

Interest calculation on Customer Debit Balance

Hello all,
I have a unique scenario where we pay the interest to the customer on their Debit Balance ( Balance of customer over payment) e.g. Customer invoice is open for $100 but customer send us $150, so we will pay the interst on $50,. I dont want to charge any interest on the over due invoices instead of that I wanna pay the interest to them on the un-applied payment.
Can somebody help on this unique scenario?
Thanks in advance

Mauri,
Thank for your reply, let me correct myself little, I appogized I used " Debit" instead of "Credit". So the corrected question should be
I have a unique scenario where we pay the interest to the customer on their Credit Balance ( Balance of customer over payment) e.g. Customer invoice is open for $100 but customer send us $150, so we will pay the interst on $50,. I dont want to charge any interest on the over due invoices instead of that I wanna pay the interest to them on the un-applied payment (Only Credit balance)
Can somebody help on this unique scenario?
Thanks in advance
Hello all,
I have a unique scenario where we pay the interest to the customer on their Debit Balance ( Balance of customer over payment) e.g. Customer invoice is open for $100 but customer send us $150, so we will pay the interst on $50,. I dont want to charge any interest on the over due invoices instead of that I wanna pay the interest to them on the un-applied payment.
Can somebody help on this unique scenario?
Thanks in advance

Arrears Interest Calculation on AR Balances

Hi,
I am trying to calculate the Interest on AR Balances and was able to successfully post the entries also. But the problem is the next month when I am running the interest calculation, I want the system to avoid calculating Interest on the document posted for Interest Charges last month to the customer account.
For example, I have an open item when the first time I calculate Interest. The programs calculates Interest and posts a document. Next month, I want the system to calculate interest only on the original invoice or just the invoices, but not on the document posted for Interest, last month.
Thanks,
Madhav

Hi,
Took an alternative approach to resolve the problem. Created a seperate document type for posting the Interest Journal Entries and when executing the Interest Calculation, excluded this document type.
Thanks,
Madhav

Interest calculation on customer over due invoices

Hi friends,
I have the following requirement.....
As per the Payment terms the customer invoice is due after 60 days.
After that the interest should be calculated from 31st day of the invoice.
System calculates the interest only for overdue days i.e from 61st day to the interest calculation day.
But the requirement is that once the invoice crosses 60 days, the interest should be calculate from 31st day to the interest calculation date.
Any idea kindly suggest me how to do this in SAP.
Thanks in advance
ssp

HI
can check by giving 31 in No. of days column..

Interest calculation on GL balance

Hi Gurus
I need a help from your side to calculate interest on GL balance . I have all the configuration required for the same ,while running the same it used to calculate the depreciation required but processing the batch input session Account 18 can only be posted to internally in company code PC01
note: 18 is interest on loan account
I have activated Automatic posting only
Kindly tell me what are the required configurations to post gl a/c s respectivevly
Thanks in advance
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Hi Praveen,
To post interest to you loan account you need not to check the check box of post automatically, if you assigned g/l accounts perfectly in account assignment that is enough to post the interst document.
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Interest calculation on customer

Hi Experts,
Business requirement is to calculate the interest on different rate for the same customer with line item wise.Suppose for one item interest would be 10% but other item it would be 12% for the same customer.If I configure interest cal.indicator FY for 10% and FZ for 12% but we have only one field to assign it in the customer master data (FY or FZ).Please assists how can we calculate to different line item with two different rates for the same customer.
Regards,
D

Dear Danish,
unfortunately It is not possible to link the customer to two different interest indicators.
Therefore You have to use a workaround.
If You want to reach Your goal, You should run the transaction FINT for the 10% interest indicator that You inserted into the customer master data.
It is clear that by dynami selection You have to filter the documents You need to calculate at 10%.
Then You should change the interest indicator into Your customer master data from 10% to 12% one and run again the FINT transaction for the other documents.
No other options are available.
I hope This can help.
Mauri

Customer interest calculation on both open & cleared items

Hi,
I have created a Interest Calculator Indicator Z1 for that following configuration is made.
1. Int Global Settings> Prepare Interest on Arrears Calculation-> Z1 under selection of items I have selected the open & cleared items.
2. Int Global Settings> Prepare Item Interest Calculation-> Z1 under items selection I have selected the open items & all cleared items.
But when I am running the FINT - Interest Calculation for customer selecting the Interest Indicator Z1 system is calculating only open items but in configuration I have selected both open and all cleared items. Still its considering only open items.
Kindly provide the way to resolve this problem.
Regards,
Sandeep

Thanks Chintan for immediate reply...
I have check the solution given by you but not a single cleared document is not considering in FINT. I have one case like I have posted one entry on 01.10.2010 & one same day I have reversed I need that entry should come in the same calculation. This will not effect in amount as it will get plus minus zero.
Regards,
Sandeep

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

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.

Adding amount into customer balance without posting

Hi Gurus,
Is it possible to add in amount into customer/vendor/gl balance without any posting impacting the book?
Example, interest calculation! To keep track the interest amount into customer balance. The interest amount is shown in customer balance but there is not FI document posting.

Always park these documents, never post them and use the parked documents report for your analysis.
this is a very crude solution for a crude problem

Customer Interest Calculation - Customer Receipt

Hi All,
We have implemented Item Interest Charges for Customer w.e.f Feb 12
We executed the Interest Run for Jan.12(our first cycle). and the system has posted Interest document for all relevant customer with applicable interest rates in Jan12.
In Feb12, we received a receipt from a customer for (whom we executed the Interest run) specific to a sales invoice.
When we tried to clear off the sales invoice the system does not allows to process customer receipt because interest amount has not been paid by customer.
Accounting department don't want to process Partial/Residual payment for the above transaction.
Now our management requires that we must have an option to set off the interests charges separately and the interest charge must not be included with sales invoice on customer receipt.
Lets take an example (for one customer with same currency)
Sales Invoice 1. 10000EUR
Sales Invoice 2. 5000EUR
Sales Invoice 3. 15000 EUR
Total Open item 30000 EUR
Interest Calculated for the above invoices (line item) Doc No Interest .1
Interest Amt : 100 EUR (Sales Invoice 1)
Interest Amt : 50 EUR (Sales Invoice 2)
Interest Amt : 150 EUR(Sales Invoice 3)
Overall Balance end of Jan12 (after Interest Run) : 30300 EUR.
We received a payment for Sales Invoice.1for 10000 EUR on 5 Feb 12(customer has not paid the interest amt for sales invoice.1)
When we process customer receipt (F-28 or F-30), the system is showing an details as Gross : 10000, Partially Paid Amt 100- and when we select the specific invoice the system displays an overall 10100 EUR.
Now our Question is that, is it possible to clear individual sales Invoice (with its original value) and Interest charge separately.
i.e as per the above case 10000 EUR separately & 100 EUR separately or entire interest amount (300EUR) separately, two different customer receipts.
As customer state that he will pay the Internet amount separately (as we have generated the Invoice for interest charges) might be complete 300 EUR in single payment or partial.
Can you provide any lead/workaround to overcome this scenario.
We are in ECC 6.2.
Do revert
Regards,

Found the solution. Just remove the tick from Include Invoice ref.in editing option.

Interest calculation on overdue,credit balance & cash dicount

Hi gurus
we need to calculate the over due interest, interest on credit balance & cash discount on the customer balance thru system. What are the configuration settings required& also for reporting purpose what we need to do.Please explain in details
Thanks
shivaji

To be able to post cash discounts, you must define an account determination for cash discount taken and cash discount granted.
For cash discount taken, choose:
Financial Accounting ® Accounts Receivable and Accounts Payable ® Business transactions ® Outgoing payments ® Outgoing payments Global Settings ® Define accounts for cash discounts taken
For cash discount granted, choose:
Financial Accounting ® Accounts Receivable and Accounts Payable ® Business transactions ® Incoming payments ® Payments Receipt Global Settings ® Define accounts for cash discounts granted
Please refer to the R/3 library and the IMG documentation for more details.
You may also want to use payment terms suitable for you business processes to trigger the automatic calculation of cash discount amounts

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 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

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 customer balance

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