Security deposit & Loans

Dear all,
Anyone please tell, how to deal with security deposit and loans in SAP while uploading opening gl balance.
I will award points.
Thanks & Regards,
AR

Hi,
You have to upload line item wise vendor balances by using SPL GL indicators. This will not have any link with your purchasing document and hence, controlled manually.
You can create one SPL GL indicator for Security deposits and another one for loans.
Hope it helps
A.Saravanan.

Similar Messages

Security Deposit questions.

Hello everyone!
Well, I am 20 years old and looking into opening my own Verizon contract and I have zero credit history. I am a student at a local college, never had to take out a student loan, and have had no debts to pay. Reason in asking this, is I've done alot of reading recently and have seen where people have had to pay ~$400 security deposits. I currently don't have the money to pay for this alongside the price of a subsidized phone. Is it possible for a parent/guardian to cosign? Is it a guarantee that I will be forced to pay a security deposit? If anyone can shed some light on my questions it would be VERY much appreciated!
Thanks in advance!
Zander

Went to the local Verizon store today and for some awesomely odd reason, I'm cleared for 1 line! No security deposit required!
HOORAY!!!

Comparison Share Secured savings loans

Hi there, As I was advised by several myfico forums members (here) to get a share secured savings loan at a credit union, I'm starting to make a comparison. figured might as well share it. I tried to include most cu's that are frequently discussed on this forum.  Many cu's offer these type of loans, but don't advertise them on the website. So if you are a member at a different cu, give your local cu a call to inquire what they offer.Anyway, today this infomation is useful, I probably won't maintain this list well thoughThen, some cu's may do a hard pull upon joining, alliant, state dept and andrews fcu don't (I think). there are other comparison posts on this. (usually on secured credit cards) Notes:Apply by phone. if you apply online, the system may do an unnecessary inquiry automatically.Call the loan team/lending solutions dept during office hours, otherwise you may be transferred to an external party, they usually have less reliable info.Recommendation: Use the loan calculator recommended by themanwhocan   Alliant FCUwebpageAmount: $500-500.000Terms: 6-60 monthsAPR: 2.90%INQ: no pull PenFed FCU
no webpage (call) see this postAmount: $250-no maxTerms: up to 142 months, minimum monthly payment of $25APR: 2.00% + savings rate (0.05%) Digital FCUwebpageAmount: $200-Terms: up to 10 years (120 months)APR: 3.50%For $1000 or less, the minimum monthly payment is $30 (ref: phonecall 6/17/15)note: savings account has high yield on first $500 State Dept FCUwebpageTerms: 6 months - 12yrsAPR: 3.10%Amount: min. $500
(confirmed by phone by Monique 06/17/15, minimum is $500 and can be spread over 5years, no penalty for early termination)(other user could spread $500 over only 36 months)  Andrews FCUno webpage (call) appllying online is possibleTerms: 12-144months (depending on dollar amount)Amount: $500-100.000APR: 3.00% + savings rateINQ: no pull First Tech FCUwebpageAmount: $500-500.000Terms: up to 60/96 monthsAPR: 3.00% + savings rate Patelco CUwebpageTerms: up to 10yrsAPR: 5.00/5.10% San Diego County FCUAPR: 5.00% Coastal FCUsee other postAPR: 2.1%Amount: $480 over 24 months is possible Golden 1 FCUwebpageAmount: $500-APR: 4.99% Affinity FCUAPR 2.75% + divident rate OR 2.00% + certificate rate NASA FCUsavings secured loan rate is 3.1% (3% + the 0.1% interest rate of the savings account).Minimum Shared Secure Loan is $500, Minimum monthly payment is $25.Terms up to 60 months.  I am excluding most cu's that can't be joined by anybody
(i.e. regional or military requirements)psecu, navy fcu, cath fcu, etc. Quick calculation (by a sdfcu loan officer)$1000 over 3yrs at 3.1 % = $29.13 per month = $1048.68 If anyone has any suggestions or further info, please reply have a good one!Sincerely  Obvious disclaimer: I can't guarantee anything. that is the terms, approval, or the apr given here. the apr's are from either the website or by calling member services on the date of this post.

Themanwhocan wrote:
Revelate wrote:
Are we certain that the secured part of that savings account draws interest at DCU's 3% bonus rate? The account securing my secured card does not. It is listed as Savings 2 though but it was setup 3+ years ago and their interface / manner of securing might have changed. If they secure on the base savings account in their share secured loan I would think you'd get the 3%. Not sure how that works as every secured installment loan I've done has been base savings rate + 2 or 3% APR additional. Only problem with DCU is you can't prepay more than 3 months ahead which excludes some potential FICO reindeer games with FICO 8 and EX 98. Not certain at all Its a $700 loan, right? You can do whatever you want with the $700, including depositing it in your DCU savings account to earn interest. Or so I assume... Edit: DCU does allow setting up auto pay, to make this a no effort loan, right? From their web site, in the Q&A in the Reviews tab for Savings Secured Loans: The hold on your Savings used as collateral for your Share Secured Loan would decrease as the loan balance is paid down to match the outstanding loan balance owed. So I assume if you deposit the loan into savings, you can then auto pay the loan from savings, and always be maintaining a comfortable cushion so that there will always be enough funds in the savings account, after considering the net gain due to the 3% interest on $500 in Savings.Does sound like it's different than my secured card implementation then. Don't know, I've chucked DCU out of my lender list to go do this with - if I'm going to be tacking on secured loans to play reindeer games on my report, appears to be a further optimization that can be done but with DCU I explicitly can't and even though I've been a member there for the last 15 years, they're out of the gene pool on this one heh.

Downpayment Request and Security Deposit

Hi Experts,
My scenario is to create a downpayment request, make a payment and it should get cleared with the actual receivables.I created a Down payment request through Manual posting.Did the payment for the same. But during my final bill it doesnt get cleared with my actual receivables. I have done the required configuration for Down payments in posting area 1010 with 3000/0010 alongwith clearing restriction '5' and also maiantained them in SAP Utilities -> Invoice Processing -> Item Selection in Account Maintainence as well as Bill printout but unable to acheive the same.
Moreover, I checked my Security deposit also. It is getting cleared but still remaining as a down payment item. Event R401 is also active.
Any help would be appreciated.
Thanks in anticipation.
Richa Tyagi

Hi,
Also check the Clearing configuring for invoicing has the Account Maintenance Clearing Variant defined:
Contract Accounts Receivable and Payable ->Basic Functions ->Open Item Management.->Clearing Control->Define Specifications for Clearing Types->Define Specifications for IS-U Invoicing
Ensure that the Final Billing Clearing Types R42 and R43 are assigned the Account Maintenance Clearing Variant.
In addtion, extend the Interval Days in Item Selection in Invoicing to be 999 days. While Due dates should not matter for credits, some functionality respects the due date.
If all this fails, make sure your Event R401 is not bypassing any standard logic that is contained with the IS-U standard Event ISU_EVENT_R401.
Also, make sure that your account is not a multi-contract account. There are dependencies during Move-out/Final bill for Security Deposits the Release can occur only if all contracts are moved out.
Regards,
Ivor M.

Interest calculation on security deposit H

Hi,
I have configured the special GL Indicator H and i received the amount against the Indicator H against the Customer. Now i want to calculate the Interest on Security deposit.
1. it possible to calculate the interest on SD?
2. Same customer is applicable for open item interest.
If i am getting any answer it would be greatful for me.
Please i am waiting for your reply Eagerly.
Thanks
Sriram.

Dear Sriram,
It is possible:-
1.You have to create Interest Calculation Type for Customer SD Int Calculation say (R1)
2.Go to OBAA and maintain R1 there.
3.Go to Prepare Sp GL Transaction Interest Calculation (Maintain R1 - D - H - R1
4.In OBAC Maintain R1and select from date
5. Define Time dependant interest terms
6.In OB83 define the rate of interest
7.Go to OBV3 and maintain Account Determination for Int Posting (Select Account Symbol for Posting Key and again Assign GL code to same Account Symbol)
8. Maintain R1 in the Customer master to whom Interest will be payable.
Then Run Interest calculation posting T Code:-f.52
Regards,
Alok

Interest Calculation on Security Deposit & Refund to party

HI, Expert
I have calculate the interest on Security deposit Amount for the period 01.04.2010 to 30.06.2010 & payment the interst on 03.07.2010 & clear the open item but when I run the next period it is again calculate for 3 days ,My cleint requirement is after calculation of interest it is taking 1-7 days for payment the interest to customer/vendor, is it possible in configuration setting
regards
gk

Dear Sriram,
It is possible:-
1.You have to create Interest Calculation Type for Customer SD Int Calculation say (R1)
2.Go to OBAA and maintain R1 there.
3.Go to Prepare Sp GL Transaction Interest Calculation (Maintain R1 - D - H - R1
4.In OBAC Maintain R1and select from date
5. Define Time dependant interest terms
6.In OB83 define the rate of interest
7.Go to OBV3 and maintain Account Determination for Int Posting (Select Account Symbol for Posting Key and again Assign GL code to same Account Symbol)
8. Maintain R1 in the Customer master to whom Interest will be payable.
Then Run Interest calculation posting T Code:-f.52
Regards,
Alok

Calculate interest on Security Deposit at the time of invoice?

Dear All,
I have a requirement of calculating interest at the time of invoicing.
I did the following configuration in spro:
SAP Utilities ->Invoicing->Invoice Processing->Define Control for additional invoicing functions
I clicked at the Int:Cash Security Deposit button.
But when I execute transaction EA10 (Creating invoice) , interest is not calculated on the security deposit.
All the configuration w.r.t interest calculation is correct.
Please let me know if anybody has any solution to this.
Warm regards,
Rahul

Hi Rahul,
To calculate interest on any line item, we have to assign a interest key to it.
Take the FICA document created for Security Deposit and open it into FPE2 and goto change document:Item and then click on Tab Dunn. Data. Provide the interest key over here and then RUN your invoicing.
Regards,
Gaurav.

Security deposit issue: customer service saying it is never possible to get it back

To anyone who might be able to straighten things out here,
first of all, I am not asking for a security deposit back right away. I was just asking for a possibility of getting my security deposit back and on which condition I can get it back. However, when I called up (800)-922-0204 and spoke with counselor after waiting half-an-hour, she told me I am unable to get security deposit back at all since it is non-refundable to anyone. I questioned her why is it called a deposit in such case, and she kept on insisting that security deposit is something I pay in the beginning to open up an account and it cannot be returned at all. I was puzzled since the guy at the retailer shop and he told me I can probably get the deposit back at some time later and check the estimated date to get the deposit back if I called the number specified above and talked to a counselor.
So I checked up the answers posted up in this forum and figured out that indeed security deposit is returned after certain criteria is met. I was really irritated and upset, but that's something I have to deal with, so I'll pass on that. Following are my conditions on Verizon account and I hope someone can tell me when I can possibly get the deposit back and/or where I can get such info.:
I first opened up my account in Verizon 4 years ago with $400 deposit (Aug. 2014). Then, as a Korean male, I had to go back to my country to serve in military service that I had my account suspended for about 3 consecutive years. (Thanks to the Verizon retailer who helped me out at Oakdale Mall.) The first condition to get the security deposit back was "to have 12 consecutive monthly bills paid without delay (No suspensions while doing so)" and I know it was not done since I suspended my account at around 10th month (June 5th, 2011). I re-activated my account with a different phone and a plan on Aug. 30th, 2014 and the guy at the Verizon service center in Vestal, NY told me to check when I can possibly get my security deposit back.
Sorry to leave such a long message here but I guess I am not good at summarizing things here. Please take the pain and help this poor kid out.
Thanks to y'all who reads it & leaves a possible answer to my question.

First of all, I assume you have a misprint and you opened your account ~4 years ago in August of 2010, not 2014(1 month ago).
Next, it appears you had your account suspended for 3 years after completing only 10 months of service and have recently re-activated the account.
If the above information is correct in your case, I would assume you will get your deposit back 12 months after reactivating your account without any further suspensions and/or late payments. So I would guess you will be eligible to get your deposit back in August, 2015.

Terrible experience with Verizon customer care. Need update on security deposit.

Hi,
I disconnected my FIOS internet service about two months back. When I took the connection last year, I was asked to pay a security deposit of $400 and I paid this. After disconnecting FIOS, I am trying to get the status of the refund of my security deposit.
I have called close to ten times to the customer care and all the times, I have been given either false information or I was told they would call me back and that would not happen.
At this point, I am extremely disappointed and surprised about how an organization like Verizon could be so unprofessional.
I need to know the status of my security deposit. Has anyone else faced this kind of a problem? How was this resolved?
Regards,
Sathish

Since we haven't heard back from you or have received a form submission as requested in your private support case, it appears assistance is no longer required. If you need any future help with your Verizon service, please make a post here on the forums so we can assist.
Anthony_VZ
**If someones post has helped you, please acknowledge their assistance by clicking the red thumbs up button to give them Kudos. If you are the original poster and any response gave you your answer, please mark the post that had the answer as the solution**
Notice: Content posted by Verizon employees is meant to be informational and does not supersede or change the Verizon Forums User Guidelines or Terms or Service, or your Customer Agreement Terms and Conditions or plan

Table for Security deposit status

Hi,
I have FM which gets the status but is there any way to get table related to status of security deposit.
Thanks in Advance
Regards
Haricharan

As per my understanding these values are not updating into any tables.
They are using this Function Module to reterive the status <FKK_DB_CASH_SECURITY_STATUS_GP>.
I have seen this program they are maintaining these values as constant.
When you are creating they are collecting data from Domain <C_STATUS_KK>
Execute this FM to get the status, just give the security deposity no. You will get the status.
Regards,
Shiva Kumar

Security Deposit Amount from customer should not be deducted

Hi,
client requirement is Security deposit from Dealer(Customer) should not show the balance of amount of Invoice of the Dealer, It should be shown seperately and not show the balance after deducting Security deposit. This security deposit is returnable to Dealer.
So, all the invoice raised to customer and credit memo should be shown different amount without deducting from Secutiy deposits.
For example If Rs. 1lakhs is security deposit
there r 3 invoice of debit against Customer say 60000. In customer line item it should not show the balance of Rs40000. It should show only 3invoice amount of Rs.60000 and it should show seperately Rs.1lakhs.
IS Thereany configuration of this scenerio.
Regards,
Sreekanth

Hello,
This is what expected to do.
That is the reason SAP has provided with two check boxes in FBL5N.
If you select only normal items you will be shown INR +60000
If you select both normal items and special GL items, you will be shown INR 40000- (-10000+60000)
If you select special GL items it will be shown -100000
There is nothing special you are required to do.
Regards,
Ravi

Security Deposit Payment and Clearing!

Hi Experts,
We have an requirement when the cash security deposit is processed/released in SAP ISU it should hit the liability ledger account and not the bank clearing account.
As per SAP standard functionlity when the cash security deposit request is initially posted it will have only A/R account associated with it as it is a statistical item with the main and sub of 0020/0020 and when the actual payment is received we post as an cash security deposit payment with the main/sub as 0020/0010 through assignment in the posting area 1010.
We have maintained the 0020/0010 in EK02 with the liability account assocaited with it.
Though it reads as cash security deposit payment as it is still posted through the payment lots it hits the bank clearing account associated with the payment lot and not the ledger account associated with the main and sub of 0020/0010. I checked the posting area 1010 and it didnt allow the G/L account to be specified during down payment clearing.
I am not sure if there is a way to handle this but our requirement is to capture this cash security deposit payment in different liability ledger account and not the Bank clearing/Cash in transit account.
Any thoughts on how to go about it and fix this issue will be highly appreciated.
Thanks,
Bharat

Hi - I recommend you document the expected postings, because when the security deposit is made, you are debiting cash, right?
Here would be the expected postings as an accountant when the security deposit is made:
Debit Cash
Credit Liability
When security deposit is released, then the following should occur:
Debit Liability
Credit cash
So to me the assumption that it shouldn't post to the bank clearing account is incorrect; it should as cash transactions are occurring, right? I recommend documenting the requirements with the accountant.
Tammy

Security deposit deduction in the invoice

Dear All,
My client want to deduct the security deposit in the invoice and the deducted amount has to be shown as open iitem in the
vendor open items with special G/L indicator.
please guide me on this issue.
Thanks & Regards
KANNI CHOWDARY

Hi,
You can create a special GL indicator for that and can then make transfer posting from vendor normal balance to vendor special GL indicator using transaction F-51
Regards,
SDNer

Security Deposit

I am trying to post a cash security deposit from transaction FPSEC1 and getting the error "Document header does not have a reconciliation key".But I don't see any reconciliation key field in the screen.
Can anyone tell me how to solve this problem.
Thanks,
Banasri Mitra

Hi
1)for the below path give the three char by which recon key has to be generated..by which used ID ur logging in.
Financial accounting -> Contract accounts receivables and payable -> Basic functions -> Posting and documents -> Document -> Define default values -> Maintain Reconciliation Groups for Default Values
check weather the origin 13 - cash security deposit included or not.
Financial accounting -> Contract accounts receivables and payable -> Basic functions -> Posting and documents -> Document -> Define default values ->Origin Keys with User-Dependent Default Values
Sree

Security deposit or earnest deposit money in tendering process

Dear Experts,
Our client is planning to use two envelope bidding process along with tender fee and earnest deposit money/security deposit fee. They are going for SRM 7.01 along with ECC6.0 Ehp5. I get to know that along with SRM7 ehp1, SAP has retrofitted two envelope bidding process into standard SAP SRM.
Does it support tender fee and earnest deposit money in the two envelope bidding process in the stabndard SAP SRM 7.01 or the client has to go for SAP PPS for using the two different fee submission by vendors?
Thanks and regards,
Ranjan

Hi,
Yes, SRM 7.01 could suppot the both Security deposit and earnest deposit money in tendering process,
So that, no need to go for PPS
Plz refer below link for detailed process under config guide for SRM 7.0 EHP1
https://websmp208.sap-ag.de/~form/sapnet?_SHORTKEY=01100035870000730474&_SCENARIO=01100035870000000202&
Many Thanks,
Venkat

Security deposit & Loans

Similar Messages

Maybe you are looking for