Item Interest Calculation
Dear all,
We have configured item interest calculation. That is if the payment term is 25 days from the date of invoice, the grace days is 3 days. So if the payment is made on the 28th day, the interest should not calculate but if the payment is made on the 29th day, the interest should calculate for 1 day.
In SAP, there is a concept of tolerance day but it doesn't work as per the above requirement.
Please suggest how it can be done.
Thanks & Regards,
A.Anandarajan.
Hi
Please check in OBB8
Regards,
Schilukuri
Similar Messages
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Cleared Items Interest Calculation on Customers
Hi,
Following is the Requirement.
On 01.04.08
1. Creating a Credit Memo in FB75.
Misc Deposit A/c Dr..
To Customer A/c
2. Clearing Customer in f-31
Customer A/c -Dr ..
To Bank A/c
With this there wont be any open item on customer
But on 30.04.08 We have to calculate interest on above Misc Deposit Amount which is not paid by customer.
For Customer Credit Items Interest is being calculated fine, No problm.
Where as for above scenario.. i am not able to calculate interest .
pls do suggest some inputs.
Regards,
Shashi kanthAt least explain me about cleared items interest calculation..
in which scenario it is being used..
Regards,
shashi kanth -
Cleared Items Interest Calculation??
Hi,
Can somebody explain about "Cleared Items Interest Calculation"??
when we do this and the procedure to achieve this??
Thanks in advance,
Shashi KanthHi Ashok, Thank U.
So here we have to calculate the amount paid by them after due date(cleared item)
and the next time we may calculate interest on the amount which is due(open Line item)
.Here the wording i have used is correct or ..???
let me know clearly on this.
Thank U.I got some clearance now.
I will Assign u maximum.
Thanks
shashi. -
"Interest on Arrears calculation" vs "Item Interest Calculation"
Hi all,
Could anyone explain me the difference between "Interest on Arrears calculation" and "Item Interest Calculation" and in what cases they are used.
Thanks,
DSK.Item Interest Calculation
In this activity you make the general settings for the individual
interest indicators for the item interest calculation
These include settings for selecting the items and for
calculating the interest. You can also enter specifications for interest
postprocessing, output control, and for posting.
Account Balance Interest Calculation
In this step you make general specifications for each interest indicator
for the account balance interest calculation. These include
determination of the period, the interest determination, the subsequent
processing of interest, the output control for printing forms as well as
the terms of payment
Regards
Arun -
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 -
ITEM INTEREST CALCULATION ON VENDOR AND CUSTOMER
Dear all,
how to calculate Item interest calculation on Vendors and customers
what is the configuration need? please let me know it is very needful for me
Thanks in advance.
Regards,
Ram.in ob46 we maintain int calculation types under that u can maitain int indicatro name int calculation type(P)and save
after that u can prepare itme balance interest calculation(path spro/f/a/ap&ar/business transactions/int calculation/int calculation global settings/prepare item int calculation) here
u can enter int indicator select open itmes check box enter calander type etc.
define referance itn rates obac here u can enter ref int rate long text short text date from currency and save
define time dependent terms ob81 here u can enter int indicator currency effective from sequential number term(u can select item int calculation) ref address rate etc.
enter int values ob83 here u can enter reference int indicator from date and percentage save.
if u have any doubt let me know. -
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. -
Item interest calculation configure
< MODERATOR: Message locked. Please read the [Rules of Engagement|https://www.sdn.sap.com/irj/sdn/wiki?path=/display/home/rulesofEngagement] before posting next time. >
hi , friends
can you anyone send me the configuraton of item interest calculation with screen shots ,its very urgent
my id is goutam.jena at genus.in
thnxs
Edited by: gautam kumar on Jul 14, 2008 10:48 AM< MODERATOR: Message locked. Please read the [Rules of Engagement|https://www.sdn.sap.com/irj/sdn/wiki?path=/display/home/rulesofEngagement] before posting next time. >
hi , friends
can you anyone send me the configuraton of item interest calculation with screen shots ,its very urgent
my id is goutam.jena at genus.in
thnxs
Edited by: gautam kumar on Jul 14, 2008 10:48 AM -
Item interest calculation config
Hi Guru's
Can get the Item interest calculation config..............
Thanks in advance
RenuHi,
Please check this link
[Item Interest Calculation|http://www.sap-basis-abap.com/fico/steps-for-calculation-of-arrers-item%20interest.htm]
[Interest Calculation|http://www.sap-img.com/financial/recurring-documents-and-interest-calculation.htm]
Regards,
Jigar -
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... -
Item interest calculation in General Ledger Accounting
HI All,
we want to calculate interest for each deposit wise these
deposits have different openings dates and maturity dates
and different interest ratess we want interest each deposit
wise but GL code is one for different deposits Ex: FD ICICI
Account normally we can calculate interest on GL Account balances
is it possible to calculate item interest calculation in GL
accounting as like AR and AP
can any body suggest solution for this requirement
Regards
Madhava rao
SAP FI.CO consultant
Mob:09909992228HI any body knows how to calculate interest for each deposit wise these deposits have different openings dates and maturity dates and we have only one GL master record for different deposits we want item interest calculation in General ledger aaccounting can any body suggest this query
Regards
Madhava rao
SAP FI.CO consultant -
Open Item interest calculation with different exchange rate for each line
Dear All
We have a short term loan facility with our Bank. We take short term loan with bank on different terms and condition. Now user has requirement to have different interest rate for each open items depending on the posting date or any other condition. I think in SAP for one bank account only one rate is applicate for validity from date.
Can someone share his/her experience if got the same requirement from user
Thanks and Best Regards
Farhan QaiserDear Ashwin,
As of overdue days are concerned there is no standard functionality available whereas there is for amount.
Better solution is that you get an ABAPer create your own functional module. That will help you in better way. -
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 -
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 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,
PadmavathiDear 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
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