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
Similar Messages
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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,
PadmavathiHi,
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 -
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. -
Interest calculation only for open item for customers
Hi, do you know how to calculate Interest calculation only for open item for customers?I do not want to see cleared items. I have problem with customization.
Best Regards
TomIn the item interest calculation, you can tick the 'open items' for calculation of interest and also select the 'no cleared items'.
Regards -
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,
JeenatHi,
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 -
Balance interest calculation on spl gl items of customers
Hi Everybody,
I am strucking with a problem in FI. That is calulation of balance interest on spl gl transactions in customer.
Actually we have customer deposits which are booked as downpayments. Here we have to pay an interest of 6% which is also cumulative one. Now my requirement is I have to calculate balance interest on this deposit with 6% interest. I made the following configs.
Created one Indicator for balance interest with S ob46
Defined No.ranges.
Preparations for balance interest obaa
Spl gl assignment in obab
Maintained reference int rates at obac
Time based terms ob81
interest values ob83
posting Entered the following
1000
co code all() int indi all()
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and indicator assigned in cu master record
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Did u assign the Spl GL Downpayment settings. Whethere it is vendor or customer assign the spl gl indicatior for down payments.
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Shammi -
Interest Calculation on Cleared Open Items
Hi,
I have the following scenario:
We have a receivable to a customer. Posting date of the transaction is June 01, baseline date is also June 01 and due date is on July 15.
Entry is (Exhibit a)
A/R-Customer 1
A/R-CEWT
At the same time, we have also CM to the customer with July 01 as posting date and July 01 as baseline date.
Entry is (Exhibit 2)
A/R-CEWT
A/R-Customer 1
In order for the customer not to pay anymore the A/R-, we did automatic clearing for the AR and CM with July 1 as posting date of the clearing.
Entry is
A/R-Customer 1 (Exhibit 2)
A/R-Customer 1 (Exhibit 1)
But why is that when i run the interest on July 25, interest was still computed for the AR (Exhibit 1) when there should be none because it was already cleared on July 1, 14 days before it become overdue.
Is it because clearing is also customer?
Thank youHi,
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 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
<u><b>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.</b></u>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 -
FINT interest calculation on open items
Hello,
I am a noob and I hope this is an easy one... At the moment our system is doing interest calculation only on closed items through FINT transaction, but now we need to enable it to do an interest calculation on open items, too. I would kindly require to point me how to do this.
Help is greatly appreciated.
Kind regards,
Andrej TrilavovDear Andrej,
You have to change Your interest indicator setting:
IMG (SPRO transaction)
Prepare Interest on Arrears Calculation
AND
Prepare Item Interest Calculation
change the item selection frame settings.
I hope this helps.
mauri -
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 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 -
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.
SriniHi 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 -
What is debit and credit, open item interest calculation??
Dear Members,
What is
1. Debit Interest Calculation?
2. Credit Interest Calculation?
3. Open and Cleard Item Interest Calculation?Hi...
Interest can be calculated on debit balance or credit balance based on AR or AP..
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.
Hope you are clear...
Good Luck!!!
Lucid-Mind... -
Excluding holidays from interest calculation
Hi All,
Question:
How to exclude the holidays from interest calculation (item interest calculation)?
Situation in details:
I have configured the Item interest calculation in SAP. Using the transaction FINT and FINTSHOW interest is calculated and interest invoices are posted as required. Everything works fine... BUT! Now I have to exclude the holidays from interest calculation.
In configuration ( Interest Calculation Global Settings -> Prepare Item Interest Calculation ) I have selected the "Factory Calendar ID" but it doesn't help. I have also checked the calendar - all public holidays for 2009 and 2010 are defined there, however interest calculation still doesn't exclude these days.
Any ideas? Should I do any additional config. somewhere else?
Need your help!
Regards,
VladHi Vlad,
Unfortunately there is no standard way to do this in SAP (ie via configuration or any particular setting).
You will have to customize the function module behind FINT that uses the calendar and skip holidays when processing.
Regds; -
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)
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