Interest on Customers

Dear All
I want to calculate Interest on Late payments by Customers. Please tell me the configuration.
Whether it is Item Interest Calculation or Interest on Arears Calculation? What is the difference between the two?
Thanks & Regards
Kanwaljit

Hi,
Go throught this link
https://wiki.sdn.sap.com/wiki/display/ERPFI/Interest+Calculation
Regards,
Kalpik

Similar Messages

**Interest calculation procedure- Customers***

Folks,
Please let me know the procedure to calculate interest on customers.
Regards,
Varma

This configuration allows you to charge interest on overdue customer accounts. Interest can be calculated by using the line items or overall account balances. SAP keep tracks of the date of the last interest run and stores it in the customer master record.
First create an Interest Indicator.
OB46 - Interest Settlement Calculation Type
Int Calc. Type
P - calculate interest based on line items.
S - calculate interest based on account balances.
Secornd, make it avaliable to the interest run program.
OB82 - Interest Terms
Third, determine the interest rate that will be used by the calculation.
OBAC - Define Reference Interest Rates
OB83 - Enter the Reference Interest Rates Value
Fourth, assign the interest indicator to the reference interest rate.
OB81 - Define Time Dependent Terms
Finally, determine the how and to which accounts the interest program will post.
OBV1 - Prepare Interest on Arrears Calculation

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.

Create a program for Automatic calculation of Interest on arrears for Custo

Hello Experts,
Please Check the below requirement and guide me according ly..
Upto now our client is preparing the interest manually in excel and later they issue the invoice in Finance module (DR document) and attach the paper with the calculation.
Now they would like to have an automatic process for all the customers with the exception of the Intercompany.
The keys indicator will be:
Interest term:
Capital     * Days of delay/ 360     * interest rate(see table)
                  (Legend days of delay= new duedate agreed - original duedate of invoice)
-Calculate interest based on line items (open items and items cleared with a payment)
-Calendar: 360 days
-Transfer days: zero
-Tolerance days: zero
-Interest processing: amount limit 20u20AC
-Posting;
      Terms of payment: blank (to be define case by case)
      Tax code: VJ NS Art 15 I comma
The interest will be registered only if we have posted the invoice in the system.
I confirm that the account number will be 5401000 cost center     C010100238
Please suggest me how we can develop a programme
Thanks in advance,
Satya

Hi,
You need to configure INTEREST CALCULATION setup in system in order to automate the posting interest to customers / vendors.
[Interest Calculation |http://wiki.sdn.sap.com/wiki/display/ERPFI/Interest+Calculation]
Regards,
Srinu

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

I am totally guessing that you were calling a VZ landline thinking it was ok to call and not be billed. The literature is very clear it is Mobile 2 mobile or Verizon wireless customers to Verizon wireless customers that you can call without using minutes.
As for Friends and Family. Be happy they are letting you have numbers to call for free. There is no need for them to give you the information. Lets say you have a family plan and they choose all your teenage kids friends and not anyone you want.

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.

Penalty Interest Calculation

Dear Friends,
Could you please send me if you have customization procedure for customer penalty interest calculation.
My email id is: [email protected]
Thanks in advance for your help.
Regards,
Madhava
Edited by: Madhava Venkat on Aug 4, 2008 5:43 PM

Hi Madhav,
We cant use Payment Terms for penalty interest for Customers...payment terms used for only cash discounts and not for interests and you can use Dunning charges or Dunning Interest for customers...that will be maintained in "Dunning Procedure" FBMP.
Hope understood and let me know if you have any concerns.
Thanks,
Vasu..

The Verizon "Experience"

Hello,
I ordered a phone this afternoon off the Verizon Wireless page and though it was close to the end of the business day, I chose to pick it up at "my store" (mostly because Verizon stores open generally at 10am, WAY too late to do any business on my way to work). I drove to the store to see if I could get it or at least wait the "about an hour" it takes to prepare my order.
Incidentally, "about an hour"? If I walked into a store and asked to buy a phone, they would pick it up off the shelf and hand it to me, charging my card and signing me up for some byzantine contract faster than I could pull out my wallet. But because I'm taking advantage of your online store -- where I have care of taken ALL THE TROUBLE of dealing with a customer by validating I'm a user, picking my phone, picking my plan options, picking every service option -- I have to wait an extra _hour_? For what? Does someone write these down by hand and send them carrier pigeon?
Anyway, I arrive at the Verizon store (on Fields Ertel Road in Deerfield, Ohio) and am greeted by a man I'm going to call... Disinterested Employee #1. This man in his thirties, is overweight, and wearing a football jersey. I confused him for a customer because I didn't think people went to work dressed so sloppily. Well, DE#1 asked me why I've come in and I tell him to pick up an order and I give him my name. I have misgivings about the "kiosk" style service centers but that's beside the point. I was the only person in the store, and there were 5 employees walking around or doing something behind one of the desks. I waited a few minutes.
At this point Disinterested Employee #2 arrived, who was dressed better (he had a collar) but couldn't bear to look me in the face. Maybe my shirt was distracting to him, it was blue and had no logos or distinguishing features of any kind. Perhaps he believed I was a walking Blue Screen of Death and was afraid for his home computer. I'm not sure. Anyway, he asked me AGAIN why I was here, and what my name was. He wandered away to talk with the other 4 employees.
Five minutes passed. DE#2 returned and asked me what kind of phone I ordered. Then he wandered into the stock room.
DE#2 came back a 3rd time and told me my order had come through not long ago and they were still working it. I asked if I could wait until they were finished and he said yes, without question. He wandered away again.
Ten minutes later, DE#1 decided to come back around. He told me, waving his iPad around for emphasis, that "you know, it takes an hour and half at least for those orders to be processed and we're gonna close so, so..." then he mugged at me like this was a sitcom. I PRESUMED he was asking me to leave the store and pick it up tomorrow. I asked if there was anyway to get my order moved to a Verizon closer to my workplace due to the aforementioned poor opening hours issue. He said no way. So I left.
As I got into my car, I got an e-mail. It was from Verizon. It was telling me that my order was ready for pick up now and I could come any time. It was 5:57. By the time I walked back to the store, they had locked the doors.
I've been a Verizon customer since 2001 when a blown alternator left me stranded on the highway at 11pm and I had to hitch my way to a payphone. I picked Verizon because the coverage in upstate NY was good. And while I've not really had problems with signal, the last satisfied transaction with this company was when I got the original Droid on launch day in 2009. Ever since then my experience has not been satisfactory. I wasn't even going to purchase the phone I ordered today, as I had committed myself to letting my contracts run out and leaving. But I with LTE-A and VoLTE coming next year, I thought I might wait it out a little longer to see these new technologies, so I took a chance and extended my contract.
Or tried to anyway.
At this point, I'm not even sure Verizon is interested in customers who have been with them as long as I have. They do nothing to court me or offer me any incentives over somebody who was on AT&T yesterday. They seem ACTIVELY to resent customers who actually know how to use the phones they have, with their 'certification' process that guarantee's that Verizon always seems like a second string on hardware compared to the other carriers. Also their logically conflicting statements saying that people can't have unlocked phones on their network... and then "certifying" Developer Editions of their hardware anyway.
So tell me, Verizon -- twelve years and $20,000 later -- why shouldn't I leave you behind? Republic Wireless has the excellent Moto X and they charge as little as $10/month as long as I spend most of my time covered by Wi-Fi signals. Net10 wireless somehow uses Verizon network and offers better pricing. And AT&T just launched AIO Wireless, who let me use any GSM phone on their network and offer unlimited data for $50/month with some reasonable throttling at 8MBPS. Meanwhile, Verizon has launched Viva Mobil. An unsettling 'brand' that seems to imply that only Latinos value family. Oh, and you keep trying to get me to agree to be charged $60 more _per month_ for the same service I've had for the last 4 years.
This just is depressing. My grocery store cares more about my experience with their services and stores than Verizon does.
Meanwhile, I guess I'm going to have to wait until next weekend to get my phone from a store that keeps hours I'm not actually working, since I can no longer change my order to be shipped to my office.

I agree with your post. However I would just take the time on the weekend to go early to a corporate store and do the whole transaction there.
Like anyone especially low paid staff, they are looking to get out the door at quitting time faster than the Runner in the cartoons. Higher paid professional workers normally would stay to finish their task. I know I always did.
To have the work done by you online and then have it transferred to the store of your choice for pick up should work fairly quickly. What takes an hour and half after submitting on line I will assume is to simply do all the order paperwork, pick and activate the phone and then have it sitting waiting for you. This I can read was not done.
I don't like using online for my phones. Accessory purchases I don't care since its not a big purchase.
Always go to the store for your devices. You will be much happier.

Error Message At FINT

Hi,
I m trying to calculate interest on customers items at FINT transection. I did the customizing steps below:
1.I defined the Interest Calculation Type,
2.I defined Number Ranges for Interest Forms
3.Prepare Item Interest Calculation
4.I defined time-based terms
But I am having an error message when I run the FINT:
Account symbol 1000 cannot be replaced (modif. + )
Message no. F8107
Diagnosis
The account symbol 1000 could not be replaced by a G/L account.
During replacement of the account symbol, a step by step masking of the
modification keys is carried out with unsuccessful attempts, providing
this is possible. The values + specified here correspond to those of
the last read attempt.
I don't want to post interest, I just want to calculate and see it at FINTSHOW transection.
Thanks a lot...

Apple Sync Notifier.exe- Entry Point Not Found- the procedure entry pos KCFstreamsocketlevelnogotiated ssl could not be located in dynamic link library corefoundation.dll
Taken at face value the launch error message is suggesting there's a problem with your Apple Application Support. (iTunes versions 9.0.x need a fully functional Apple Application Support to work correctly.)
Before proceeding, could you also let us know what error message you get when you try to upgrade to 9.0.3.15? (Precise text, please.) The information from the install error may be relevant to what we have to do to get past the launch error.

Device Default Refresh Time

I was wondering what the default refresh time is for ZCM 11.2.4 MU 1?
Is there a recommended time that we should be setting this too?
Currently we are set at 2 hours, for a partial refresh, and 12 hours for a full refresh.
Has anyone seen/recommend that those settings should/could be adjusted to allow for faster refreshes?
Thanks,
-DS

That will "Slow Down" the refresh rate, but may speed logon times.
Unchecked, means it would check immediately and not delay to speed logons.
The Default delay is 5-6 minutes.
If you want new assignments to appear more quickly throughout the day,
you need to lower the partial and/or full refresh.
Partial Excludes Bundles but is everything else.
Full is everything.
Since Bundles may be want most interests some customers, I have seen
some have just turned off Partial and only do full at an increased
frequency.
Monitoring performance is important as you decrease the interval.
On 3/5/2014 1:56 PM, dschaldenovell wrote:
>
> Good day,
>
> We have now checked the box for Timed Refresh : Random Time to Wait :
> setting the following : Minimum: 60 seconds Maximum 75 seconds Full
> refresh Schedule 0 days 12 hours 0 minutes and Partial Refresh Schedule
> 0 days 2 hours 0 minutes
>
> Previously this was unchecked and the values were grayed out but read 60
> seconds and 75 seconds respectively
>
> We are going to be asking the staff to test
>
>
Craig Wilson - MCNE, MCSE, CCNA
Novell Technical Support Engineer
Novell does not officially monitor these forums.
Suggestions/Opinions/Statements made by me are solely my own.
These thoughts may not be shared by either Novell or any rational human.

SAP xMII Training in Bangalore

Hi All,
I am working as a Project Engineer (in Bangalore) for iFix (SCADA), iHistorian.
I am very much interested in SAP xMII once i came to know that it is the next level of what i'm presently working on..
Can anybody give some details of the SAP xMII Training in India, like, Date of Training, Schedule of new batch & fees structure, etc.
Other than the above, Any advices?

It would appear that your friendly information source should be able to provide you with details or a contact as to what's happening in Bangalore, but from the looks of it not being on the SAP Education website it does not appear to be a formal course offering. The formal training course should also be 5 days (4.5) so I would guess that this is more of a workshop than a formal training course conducted by SAP Education.
There is no demo license of MII for trial and error learning, but I would encourage you again to make contact with SAP Education through the website to indicate your interest in local training. If the education group does not sense or have expressed interest from customers, partners, etc. I doubt that they will have a full schedule of courses on the calendar.
If you work for an SAP partner then I would recommend that your company get in contact with their SAP partner contact to get more information concerning a valid development license for MII.
Regards,
Jeremy

Is Your Internet In The Fast Lane?

Just as we keep our car ready to roll by periodically checking the air in its tires and getting it tuned up, small-business owners can keep their operation in the fast lane with reliable broadband and communications services.
And now’s the time to act. For the next six weeks, until June 27, Verizon is offering small businesses free FiOS Internet-speed upgrade. For instance, a small-business owner who orders a new FiOS Internet and voice bundle with equal upload/download speeds of 50 megabits per second will pay the price of our 25/25 Mbps service for a two-year term agreement.
Why’s that important? The level of upload activity on the FiOS network is expected to double by late 2016 and to continue to grow, according to Verizon’s projections. In addition, with the Internet of Things fast becoming a reality for small businesses, equal download and upload speeds will be essential for operations. If you have a number of devices using the same broadband connection, then a faster Internet speed can prevent delays in sending and receiving files.
If you aren’t sure how fast your current Internet service is, click here to test your speed.
As you review your broadband and communications needs, you also might want to consider adding TV to entertain your customers and inform your employees. Verizon’s Custom TV (http://vz.to/TVforSmallbiz) solution allows you to pay only for the types of channels that will best interest your customers or employees.
For more information or to speak to one of Verizon’s expert small-business consultants, call 800-VERIZON (800-837-4966) or click here (http://vz.to/SpeedUpGrade). If Twitter is your preferred mode of communication, reach out to us @VZSmallBiz.
Verizon is ranked Highest in Customer Satisfaction with Very Small Business Wireline Service in the J.D. Power “J.D. Power 2014 U.S. Business Wireline Satisfaction Study”sm. The company was ranked highest for overall satisfaction, which includes the following factors: performance and reliability, customer service, communications, sales reps, cost of service and billing.

But still no IPv6 or up todate plans for IPv6. Time for Verizon Landline (meaning DSL and FIOS - not Verizon Wireless) to get with it.

IOS6 map is useless for public transit users

I LOVED the google map on my iphone and used it daily, the user experience was great w/ detailed directions and a map view for public transit. Having to use Embark on the new OS is AWFUL and I have to switch back and forth between Embark and the new map. PLEASE BRING BACK GOOGLE MAP!

this will certainly rank among Apples stupidest moves. Maybe the proportion of map users that utilize the public transit feature is not enormous, but those of us that do use this feature use it intensively and derive great utility from it.
Isn't it ironic that Apple, the company that created one of the most iconic ad campaigns in history (i.e. the one poking fun at lemmings following the masses onto the PC platform), is now dictating use of inferior features just because they have the lemmings locked into their platform? It's almost as if Apple is no longer interested if customers can or can't use their products to create the most individually valuable user experience possible.
Wasn't there a time when Apple would not attempt to provide a product or service unless it could provide a superior service? Or am I thinking of someone else?
I am now.

FINT ERROR

Hi all,
I am trying to run a transaction "FINT" for "Item Interest calculation". With the test run I am able to get the result but when I remove the test run I get a run time error of Message type X. I know it is to deal with an ABAPer. But do you think there is any fix for this? Do you think that this error is causing because of the configuration? I think it is not the configuration because if it were to be due to configuration then the test run would have also failed. Please advice me how to resolve this issue. Is there any t.code for calculating interest for customers?
Thank you,
SONY

Check the setting in OB81 and if reference rate is being used also check OB83 settings.
Also check the valid from dates.
Regards,
Gaurav

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
Tom

In the item interest calculation, you can tick the 'open items' for calculation of interest and also select the 'no cleared items'.
Regards

Interest on Customers

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