Penalty Interest calculation procedure
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,
Dwarak.
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
Similar Messages
-
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 PMHi 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.. -
Interest calculation type-Z-Penalty Interest Calculation
Hi all !!
I would like to know about the Interest calculation type-Z-Penalty Interest Calculation, if it is necesary to do some aditional customizing , and which are the differences between Item Interest Calculation and Penalty Interest Calculation.
Best regards and thanks allThanks Chandra,
Could you give us some links where we can find more info of how to configure/run this specific issue of calculate interest on interest and other aspects of penalty interest calculation.
The other point if it is possible or there is a way to depending on open items for a same vendor have a different interest indicator, I mean something like a field at the financial document in order to choose between different type of interest indicators.
Best regards and thanks -
G/L Interest calculation procedure
Balance Interest calculation
For term loan
Pls send any one G/L Accounts Interest Calculation procedure
Configuration
It is very urgentBalance Interest Calculation: -
It is a calculation of Interest on total balance of an account or total balance of customer account. it is represented in "s".
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 transaction code:SE16
The Nine configuration steps for calculation of balance interest calculation are
1) Define interest calculation type (OB46)
2) Prepare account balance interest calculation (OBAA)
3) Define reference interest rates (OBAC)
4) Define time dependent terms (OB81)
5) Define or specify interest rates (OB83)
6) Create G L Accounts for Intesrest Gained and Interest allowed and Loan Account (FS00)
7) Prepare gl account balance interest calculation and Define automatic posting (OBV2)
8) Entry for Loan (F-02)
9) Run interest programm (f.52)
Step 01: Define interest calculation types (OB46)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation global settings>Define interest calculation types
Go to new entries
Interest Id (V1) put discription Name Interest calculation type (S) and enter it will take automatically balance interest for S
Make sure don't tick mark the box given and save it.
Step 02: Prepare account balance interest calculation (OBAA)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation global settings>Prepare account balance interest calculation
Go to new entries
Give calculation indicator as defined V1
Interest calculation frequency : 01 (1 month)
Calendar type : G (28-31/365)
Give number range : 03
Select balance plus interest.
Save
Step 03: Define reference interest rate (OBAC)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Define reference interest rates
Go to new entries
Reference interest rate : V1 (same as Interest Indicator)
Long text : 12%balanace interest
Short text : 12% balance interest
Date from : 01.03.2010
Currency : INR
Save
Step 04: Define time dependent terms (OB81)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Define time dependent terms
Go to new entries
Interest calculation indicator : V1
Currency key : INR
Effective from : 01.03.2010
Sequential no : 01
Term : Debit interest balance interest calculation
Reference interest rate : V1
Save
Go to new entries or F8
Interest calculation indicator : V1
Currency : INR
Effective from : 01.03.2010
Sequential no : 02
Term : credit interest balance interest calculation
Reference interest rate : V1
Save
Step 05: Enter Reference Interest Rate Values (OB83)
Path: SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest calculation>Enter interest values.
Go to new entries
Reference int. rate (V1)
values effective from (01.03.2010)
interest rate (12%)
Before creating GL account Go to T.Code: OBD4 to create secured loans account group.
Go to new entries
Chart of accounts a/c group name from account to account
Chart of Account 'TATA' secured loans 100300 100399
TATA INTR interest Expenses 400100 400199
TATA INTR interest Gained 300100 300199
Save
Step 06: Creation of G L Accounts (FS00)
G L A/C no : 100305
Company code : TATA (Tata Infotech)
Select create button
Account group : secured loans
Select balance sheet account
Short text : HSBC Bank Account
Long text : HSBC Bank Loan Account
Select control data tab
Select only balances in local currencies
Select open item
Select line item display
Sort key : 001
Select create/bank/interest tab
Field status group : G005
Select relevant to cash flow
Interest calculation indicator : V1
Save
Give G L A/C no : 400105
Company code : TATA
Select create button
Account group : interest
Select profit and loss account
Short text : interest Allowed
Long text : interest Allowed Account
Select control data tab.
Select line item display
Sort key : 001
Select create/bank/interest tab
Field status group : G001
Save
Give G L A/C no : 300107
Company code : TATA
Select create button
Account group : interest
Select profit and loss account
Short text : interest Gained
Long text : interest Gained Account
Select control data tab.
Select line item display
Sort key : 001
Select create/bank/interest tab
Field status group : G001
Save
Step 07: Define automatic posting account (OBV2)
SPRO>FInancial Accounting New>Financial Accounting Global Setting New>Business Transaction> Bank A/C interest calculation>Interest posting>Prepare G L A/C balance interest calculation
Go to accounts
Chart of accounts : TATA
A/C symbol currency G L A/C
0002 INR 400105 (interest Allowed)
2000 Inr 100305 (HSBC Bank Loan Account)
Save
Step 08: Entry for loan (F-02):
Give document date : 01.03.2010
Posting date : 01.03.2010
Type : SA
Company code : TATA
Currency : INR
Posting key : 40
G L Account : 200005 (ICICI bank a/c)
Enter
Amount : 50,00,000
Business area : IRON
Value date : 01.03.2010
Text : loan received
Posting key : 50
G L Account : 100305 (HSBC bank a/c)
Enter
Amount : *
Business area : IRON
Text : +
Save
Step 09: Interest calculation run (F.52):
Accounting>Financial Accounting>General ledger>Periodic Processing>Interest calculation>Balances
Give chart of accounts : TATA
G L A/C no : 100305 (HSBC Bank Account)
Company code : TATA
Calculation period : 01.04.2010 to 31.12.2012
Select leap year.
Select post also if value date in past
Select update master records
Execute
Go to system on menu bar.
Select services
Select batch input
Select sessions
Select RFSZIS00
Select process
Select display errors only
Again select process
The system gives the message: u201Cprocessing of batch input session completedu201D -
Interest calculation procedure in Dunning
How to calculate the Interest in dunning?
What are the steps needed to be configured for the interest calculation for the dunning process?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 -
How to configure Interest Calculation procedure???
Hi Guys,
While running F.52 report for interest calculation, the interest is getting calculated. After running the batch report, I am not getting any FI posting for the calculated interest in SAP. When the checked the GL account, its only showing the open items but I am not able to find the interest posting document.
Question 1, does a FI document gets generated while finishing Batch Input?
Question 2, if not, then how can I make sure that the interest has been calculated for the respective GL account? Where can I get that information?
Question 3, what happen next?
I have already created & maintain GL accounts for Interest Received & for secured loans account using OBV2.
Can anyone help me!!! A proper process flow with details from anyone will be highly appreciated.
Thanks,
AbhishekHi,
Interest calculation document will get posted once the BDC session is completed.
Please refer the below BBP:-
Link: [http://www.google.co.in/url?sa=t&source=web&cd=1&ved=0CBUQFjAA&url=http%3A%2F%2Fhelp.sap.com%2Fbp_bblibrary%2F500%2Fdocumentation%2FB29_BPP_15_EN_SV.doc&ei=CnJnTL6TIcTJcZjygJAF&usg=AFQjCNFg5N4O7e6IminTdUB36UAEUVGd6w&sig2=p51jIOo4o-wLI87zhmr1Mg]
Regards,
Gaurav -
**Interest calculation procedure- Customers***
Folks,
Please let me know the procedure to calculate interest on customers.
Regards,
VarmaThis 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 -
What are the custimization steps to run interest calculations for customers
Hi,
I need a full custimization steps to configure the interest calculations for customers. i created interest indicators, g/l accounts and account determinations also. but no interest is calculating for customers and customers are having no of days to calculate the interest. So please guide me on this regard.Hi,
Configuring the Interest Calculations Procedure
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
Please check out the following link also:
http://help.sap.com/saphelp_erp2004/helpdata/en/41/37b8e7455b11d182b40000e829fbfe/frameset.htm
Hope this helps.
Please assign points as a way to say thanks.
Regards, -
Interest calculation on overdue amount payable to vendors
hi gurus
i have a doubt on interest calculation on overdue amount payable to vendors,can you tell me interest calculation procedure.hope below link are useful"
http://www.sap-basis-abap.com/sapfj001.htm
http://help.sap.com/bestpractices/BBLibrary/Documentation/J03_AR_BPP_05_EN_SG.doc
pls assign points as way to say thanks -
Dunning procedure and interest calculation
Hi All,
usually in dunning procedure, the interest is calculated on over due items based on the period from Last Dunning date to run date.
If the customer is never dunned before and this MDAT is never populated, how will the program generally calculate interest..?
Can somebody explain me on how it works..?
thankx,
NehaHi All,
Thanks for all answers.
When I checked table MHND, the dunning interest is calculated in such a way that it doesn't consider the previous dunned date.
Meaning :
Dunning ran on 12-01-09 interest calculated is 500.00 ( 2 docuemnst considerded from bsid as seen from table MHND )
Dunning ran on 15-01.09 interest calculated is 500.00 ( same as above)
Ideally for Dunning ran on 15-01.09 , it should not calculate interest since on 12th it is done..!!
Now queries:
1. Where can i see these interest calculated during dunning run ( any report ? ) other than table..?
2. When I see the dunning run, looks like user has made some mistakes, It shows as
Parameters have been entered
Dunning run carried out, job was deleted
Dunn. printing carried out, job was deleted
3. when I try to run the single dunn. notice, and see sample print out it gives message as
Account D 0004298846 is blocked by dunning run 20090319 MDUN1
why is it so and how to resolve..?
thanks,
Neha -
Vendor Interest calculation with penalty calculation
Dear All,
We have some requiremnt from my client.
We receive Deposit from our Loan Creditor for a specified period and refund/payback the amount along with interest after completion of the tenure of the deposit.
Meanwhile,if the depositor wants to withdraw the principle amount then the following are the scenarios,
In case the deposit is withdrawn after 6 months but before 18 months, then the rate applicable for ONE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 18 months but before 30 months, then the rate applicable for TWO year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 30 months but before 36 months, then the rate applicable for THREE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
Also we want the applicable tax should be deducted on interest and the net interset amount should be credited to depositoru2019s account once we are execute the (period specific) interest calculation run in SAP.
The entry must be
Interest on Fixed Deposits Dr
Interest Payable on Fixed Deposits (Net of TDS, if applicable) Cr
TDS on Interest Payable CR
Do suggest,how this can been config in SAP system.
Appreciate your time and patience.
Regards,Dear All,
Stil;l expected some inputs on our req.
Do comment
Regards -
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 calculation on bank loan
Hi guru,
we have taken long term loan from 10 banks.we have to calculate interest on loan from each bank.we have maintained each bank loan a/c as a vendor.As we know the procedure as given by sap for balance interest calculation will be followed here.is it correct or not.one more doubt is whether treating each loan a/c as a vendor is correct or not.
Thanks
shivajiHi,
Here you need Balance interest calculation.
Balance interest calculation used for bank loans. It calculate GL balance only
it will take particular period and need to configure document type SA.
Item interest calculation used for item wise calculations like vendor wise and customer wise. It depends on payment terms and in this GL accounts Select open item management.
I hope it is cleared.
Thanks & Regards,
Haribabu Bodapudi -
Automatic DUNNING or INTEREST CALCULATION email to CUSTOMER
Hello Gurus,
ive got one issue regarding email for DUNNING or INTEREST CALCULATION which need to be sent to customers.
Our FI bookkeeping director wants only a reminder to be sent to customers which have overdue line items.
ive configured fully INTEREST CALCULATION and DUNNING procedures, but now im facing the problem, that i cant find any place where to asisn SAMRTFORM form. Ive went through dunning installation and config files, forum threads etc., but still nothing.
the second problem after assigning the SMARTFORM how to configure the EMAIL PROCESS?
Thnaks in adviese
Laurynas PrikockisHi,
thanks, this option im trying to implement. But something is not going right.
ive changed the FM from one to other and tryed to use BTE 1720, regarding BTE 1040 ive got some problems since i didnt find the exact place where to put it.
the second issue was that after changing one FM like FI_PRINT_DUNNING_NOTICE into FI_PRINT_DUNNING_NOTICE_SMARTF we had to maintain smart form. I did also this step, but running f150 the program doesnt start it. It shows that print is completed and thats all.
Regards
Laurynas Prikockis -
Dear All,
We have some requiremnt from my client.
We receive Deposit from our Loan Creditor for a specified period and refund/payback the amount along with interest after completion of the tenure of the deposit.
Meanwhile,if the depositor wants to withdraw the principle amount then the following are the scenarios,
In case the deposit is withdrawn after 6 months but before 18 months, then the rate applicable for ONE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 18 months but before 30 months, then the rate applicable for TWO year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
In case the deposit is withdrawn after 30 months but before 36 months, then the rate applicable for THREE year shall be taken and 1% penalty should be deducted and interest shall be recalculated for the period for which the deposit is run and excess interest paid (if any) is to be deducted from the interest/principal.
Also we want the applicable tax should be deducted on interest and the net interset amount should be credited to depositoru2019s account once we are execute the (period specific) interest calculation run in SAP.
The entry must be
Interest on Fixed Deposits Dr
Interest Payable on Fixed Deposits (Net of TDS, if applicable) Cr
TDS on Interest Payable CR
Do suggest,how this can been config in SAP system.
Appreciate your time and patience.
Regards,Hi
asset accounting is not the right place for this inquiry, as asset accounting does not vendor interes calculation.
Blaz
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