Interest on customer calulation

hai,
regarding interest on customers, the interest rate is calculating against open item as well as cleared items (like the payment was made after the due date that is 4th day, so interest is calculating only for 4 days).And also in report, payment cleared document is also showing. i need the interest to be calculated only on open items.
in configuration under Prepare item interest calculation i have selected in item selection - open item - No cleared items.
can any one give suggestion on this.
govind.

Hi,
Please check the configuration settings in the following path:
IMG> Financial Accounting > Accounts Receivable > Accounts Payable > Business Transactions > Interest Calculation > Prepare Item Interest Calculation.
In this step, ensure that in Item selection, you have selected radio button - No Cleared Items. Then system will select only open items and not cleared items.
Thanks
Murali.

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Interest on customer calulation problem

hai,
Regarding interest on customers, the interest is calculating on cleared items. but i need, interest to be calculated only on open items. for example bill due date is 05.04.2007 but the payment made on 10.04.2007 so there is no outstanding. But the interest is calculating for 5 days. How to solve this problem?
govind.

Hi,
Please check the configuration settings in the following path:
IMG> Financial Accounting > Accounts Receivable > Accounts Payable > Business Transactions > Interest Calculation > Prepare Item Interest Calculation.
In this step, ensure that in Item selection, you have selected radio button - No Cleared Items. Then system will select only open items and not cleared items.
Thanks
Murali.

Interest on Customer

hai,
i am doing the configuration of Interest on Customer through IMG-AR/AP-Business Transaction-Interest Calculation-Interest Cal Global Settings. In Define Time based terms i have selected my int indicatore and i want to assign sequence key 01 & 02. Here what i am suppose to select. Because interest will be credit to company and debit should be customer. And also In interest posting what should i select either AR-calculation on Interes on Arears or AR-Balance interest calculation? Can any one guide me on this.
govind.

Hi ,
As per my knowledge If you are going calculate int on customer you have to select 01 or create your own(item int indicator).
And second one for posting you have to select A/R: Calculation of Interest on Arrears.
Plz correct me if i am wrong

How to calculate penalty interest on customer

hi sap guru's
how to calculate penalty interest on customer. what type of settings for required to calculate . pls tell me.

Hi Shiva
You have options like Balance interest calculation or item level interest calculation. You can configure the setting as per your requirement and you can charge interest on default customers.
Thanks
Ashok
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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 on customer early payments

Hi All,
As we have a FINT kind of SAP functionality to calculate interest on arrears, we need a similar kind of functionality for automatic calculation of customer incentives in the form of interest expense. For e.g. If a customer invoice is raised on 01.07.2011 which is due for payment on 15.07.2011 but customer has made a payment on 10.07.2011 then system should be able to calculate interest from 11.07.2011 to 15.07.2011 in the form of interest & post it. This is in the form of incentive to encourage customer early payments.
Please advise whether it is possible to map this scenario in standard SAP or not? Is there any workaround available?
Regards
Anuj

Hi Anuj
Are you talking about customer discountswhen they pay early? From your posts it sounds like it.
You can make this settings in Payment term defination only.
Regards
Nikhil

Interest on customer item excluding service tax

Hi,
When i run customer interest calculation(FINT) system calculates interest on invoice + service tax amount but i want to calculate interest on only invoice amount excluding service tax.
Request immediate help.
Thanks in advance.

Hello Pranav,
Select radio button as Net amount instead of gross amount in mentioned customization.
SPRO > Financial accouting New > Withholding tax > Extended withholdign tax > Calcualtion > Withholding tax type > Define withholding tax type for invoice. Double click on relavent TDS type & change gross as net and check impact,which we are using since notification annouced by Income tax department.
Regards
Mani Kumar

Interest on Customer in a separate account

Hi,
I have configured the required settings for calculation of the interest on the customers line item balance. The interest amount is getting posted to the Customer account. The requirement is, this interest should not be posted to the concerned customer, but to a separate Interest receivable account. Can this be achieved?
Best Regards,
Srini

Hi Srini
1. Create GL accounts for interest.
2. Go to T code OBV1 and enter your chart of accounts under Accounts Tab and specify the GL Accounts where interest should be posted.
Hope this Helps
Regards
Srinivasan

Additional charge along with interest on customer due items - France legal requirment

Hi All
We have requirement from France, where in we need to charge additional amount along with Interest for customers on Overdue invoices
Say for example, if the customer is having an invoice amount of 10000 and it is due by more than a 20 days, we will charge interest of 2 % along with the 2 % we will also charge a fixed amount of 40 EUR
For the above requirement SAP has suggested to implement the below notes
1826317
1823964
1844171
After deploying the above notes along with their dependency notes, we were unable to access the FINT transaction code itself. Right now SAP is investigating this
However as the deadline is approaching. i would like to know if any one of us has already had this kind of requirement and how they have dealt with it
Please do let me know if there is any other alternate available for this kind of requirement
Thanks
Prasad

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Calculate interest in customer items and posting as a noted Items

Hi!
I would like to know if is possible calculate interest for a customer item and posting the result as a noted items instead a normal posting?
Thanks in advance!
John Marcelo

Hi,
I really doubt whether this functionality is available in standard SAP functionality.
Regards,
Ravi

Dunning Interest for customer

Hi ,
I have assigned in ob42 and assigned in customer master and also dunning configuration,
Problem is showing the interest rate and not calculating.
Eg: In text, it shpwing your interest rate is 9% and amount is 100000
I need interest amount also that means, 100000+(9% of interest on amount )=109000
Is it possible expain in detail,
Regards,
Kanike
Edited by: kanikehn on Mar 7, 2011 7:58 AM

Dear Kanikhen,
please read the SAP note 874603 that can help You.
I hope this helps.
Mauri

Problem - Interest on Customer invoices

Good morning!
I'm not able to configure the system to generate "a document of interest" to "an open client invoice."
Program: RFINTITAR;
Accounting for Interest: Transaction FINT;
Reverse Interest: Transaction FINTSHOW;
If I run the transaction "FINT" for a client that has several open items / invoice, the program generates a single document of interest with several items.
The problem is, if I have to reverse only one item, I will have to reverse the entire document.
In short: I need to do a transaction FINT and generate an interest document for each open client invoice.
Edited by: leonardo.sapfi on Feb 8, 2012 10:57 AM

Dear MAURIZIO
How to perform this procedure?
You will be saying to process the documents individually?
Or I can fint process with multiple invoices and generate a document of interest (number of individual document) for each invoice?

Is somebody interesting in custom WebDav Oracle back-ed realizaation?

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Hi, Mark!
It is a stand-alone repository. It "hooks" Apache mod_dav calls and delegates HTTP requests down to the Oracle database. I don't believe it's compatible with XML DB.
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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.

Error while running Customer Interest Report

Hello All,
I am configuering Interest on Customer arrears/balance & I am getting an error "NO TIME-DEPENDENT CONDITIONS FOR INDICATOR EF" while running FINT. I have checked all the threads but there is no such query exept one. Please guide me to solve this. Below is the copy of steps i am follwing for Interest Configueration:
1) Created Balance Interest Calculation Type EF.
2) Maintained General conditions for Interest Scale, Interest Calc Freq=1, Calender typ=g, Flagged Interest rates depend on total amt, given the number range for forms and flagged Balance plus Int.
3) Created Reference Int Rates.
4) Time Dependent Terms = 1st = EFGHARR, INR, 01012011, 1, Credit Interest:arrears interest calc., 0, Ref. Interest rate - EFGH. 2nd = EFGHBAL, INR, 01012011, 1, Credit Interest:balance interest calc., 0, Ref. Interest rage - EFGH.
5) Interest values. Reference - EFGH, valid-01012011, rate 5
6) OBV1 = B.Transaction - 1000, Acct. Symbol - 0001.
7) OBV3 = B. Transaction - 1000, Acct. Symbol - 0001.
8) Have assigned the form F_D_INT_SCALE_00 and created the number range.
Please note that i have created a GL account under INCOME which i have assigned in OBV1 & OBV3. Do I need to Interest Indicator in my customer recon account?
Please advice,
Thanks,
Kamal

if you want to generate interest on customer overdue line item you have to maintain Debit Interest: arrears Interest calc. Now you have maintained only Credit Interest: arrears Interest calc it will calculate the amount paid by the customer in excess of the actual amount that means the amount paid to the customers, i hope you understand

Interest on customer calulation

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