Loan taken from banks and Fixed deposit scenerios

Dear experts,
Please guide me,  i have two Scenarios,
1.  My client have fixed deposits in bank -  how to configure in sap
2. loan taken from bank  -  when i repayment the loan amount it should deducted from my loan principle amont  in the this process what is role of my house banks.   what entries should make, how to calculate interest on loan --  how to configure this Scenario in sap
please guide me
Regards
Chandu

Hi Chandu,
A loan with a bank is no different from an Asset creation process albeit this will NOT be within the Asset A/c module of SAP.
I am assuming that you have SAP FI/CO - in that case you may look at a few options to meet this process:
1. Post an accounting entry creating an asset (FB50) - dr loans held (asset a/c on your BL) and cr cash. (Note your customer ie your bank in the description field etc for record purposes or mention the loan #, a/c etc)
else
2.  Post a customer receivable via FB70 with your bank as the customer and ensure that your payment terms match the maturity of the loan. (Post a FB70 with a debit to customer, credit cash etc (you get the idea - hit an asset a/c on the credit side as well)
When its time to collect principal or interest or whatever, if you use 1) - post a journal entry again to offset this posting and post interest as income gained and in case if you use 2) post collection.
with 2) you may need to pass a journal entry for interest collected as a separate line item.
Hope this helps,
Thanks

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