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..

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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

Interest calculation based on Net Due Date

Hi guys: I want the interest calculation based on net due date and not document date or posting date.
I tried to check the box "ALWAYS CALCULATE INT FROM NET DUE DATE in prepare item interest calculation step, but system gives me message
"Do not select "Calc.intrst from net due date" for this int.calc.type
Message no. F7128"
Here are my questions:
1- how can i make the system to calculate interest only after the item is due for payment - right now its calculating anyday after the document date
2- Is this the correct place in configuration to do this? (ALWAYS CALCULATE INT FROM NET DUE DATE )
3- Also in T code FINT, how can i run interest posting for only one item rather than all that show up in test run? I tried selecting/highlighting only one but it posts all.
thanks much
brian

HI,
The system always calculates the interest from the document date of the invoice,
as of my knowledge there is no setting for the interest calculation from the net due date, so
what u need to do is when u are running the open item interest run u specify the period of only the date
from the net due date to required date as of u.
if u want to calculate the interest to paticular invoice and having two invoices
then u can run as per the document date and other thing is u can block the invoice for dunnig.
Regards,
Padma

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.
<u><b>if possible pl give the entire steps for me to check & may be 1 scenario</b></u>
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

Different interest percentages for different over due days

Hi Experts,
I have the following scenario with respect to the Interest calc for customers.
1. If the line item is over due till 90 days interest will be charged 10%
2. If the same line item is over due more than 90 days interest should be charged 12%
Can you please provide me with a possible way to configure this scenario?
Thanks in advance.
Siva Cheruvu

Dear Siva Cheruvu ,
the programs for interest calculation for open items (RFDUZI00 or
RFKUZI00) and for interest calculation for balances (RFSZIS00, RFDZIS00,
RFKZIS00) calculate interest linearly.
Kindly review the SAP Note 403580. As this note states, you may
have to use BTE 4152 for interest calculation changes, in case you want
to use a different formula than the one available in the standard.
About the new report RFINTITAR and RFINTITAP, please check the SAP note 736223 that gives You additional information to allow You to do own programming.
Several Badis can help You by se19 to do it as FI_INT_CUS01 for example.
Mauri

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.

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

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.

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

Interest calculation on due date and not on invoice

Hello,
Pls can some one let me how to start interest calculation on due date and not invoice date.
In the interest calculation, T code FINT, the system calculates interest from invoice date till clearing date and not from due date till clearing date.
BR,
Zulfikar

Hello,
We have selected the Always calculate interest from net due date check box. but now when i run FINT transaction for a customer it is calculation interest from invoice date and not on due date. the item is already cleared.
The scenarion is
the net due date of the docuemnt is 30.07.2008 so the interest calculation should stard from 31.07.2008 till clearing date. but the interest calcualtion is starting from 01..07.2008 which is the invocie date.
BR,
Zulfikar

FINT interest calculation on cust overdue items from net due date required

Hi.
I am running FINT option i am running interest calculation from net due date onwards whereas the system is calculating the interest from Next date of due date.
For example: Customer invoice is raised on 01.01.2011 and Net due date is 01.01.2011. I gave the option in the interest calculation - SPRO - FINANCIAL ACCOUNTING(NEW) - ACCOUNTS RECEIVABLE AND ACCOUNTS PAYABLE - BUSINESS TRANSACTIONS - INTEREST CALCULATION - PREPARE ITEM INTEREST CALCULATION, Ref date as as 1 - Value date (Baseline date from Net Payment).
Still the system is calculating the interest from 02.01.2011 instead of from 01.01.2011.
Can anyone help me in this regard.
Regards,
Padmavathi

Hi,
We can calculate interest on items cleared with in the calculation period.
When you are calculating interest on open items, system will check open items as on the Calculation Date.
But if you want to calculate Interest on items cleared with in the calculation period., you have to check Calculate Interest on Cleared Items also.
For Instance: If you are calculating Interest on 31st July for the period of 01.07.2009 to 31.07.2009, in this case
some open items are already cleared with in this calculation period, even though you have to calcuate interest for those cleared items for that many days. System will calculate interest for that many days.
Try with this option, still if you need any help please let me know.
Thanks
Chandra

Interest calculation on cutomer DUE items using FINT option

Hi.
I am using FINT option to calculate interest run for customer due items.
I have posted a customer inivoice using F-22 with posting date as 05.01.2011. I gave the tolerance days as 7 days.
Therefore system is showing that the customer open item as DUE on 11.01.2011 in FBL5N.
When i run FINT option with date as 12.01.2011 system is picking only overdue items and not picking this DUE item.
Can anyone help me in this issue.
Regards,
Padmavathi

Dear Murali,
I have changed the option in item interest calculation - Ref date as 1 - Value date (or base line date for net payment). Earlier i gave the option as 4 - payment baseline date.
Since i changed the ref date as 1 system is calculating the interest from net due date instead of posting date.
This is solved.
But one more problem is that in the system for the interest indicator i gave from date as 01.01.2011 that means system should select open items from the invoice date 01.01.2011. But system is selecting all open items in that customer a/c irrespective of date given for the initerest indicator when i run FINT option. In FINT option i gave interest indicator from and to as B1. still the system is selecting all open items irrespective of date given for interest indicator.
Can you help me.
Regards,
Padmavathi

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
Mallesh

Hello Mallesh,
You need to review your payment terms which are assigned in the Customer/vendor master data.
regards
Ray

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 customer over due invoices

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