Setting up Interest calculation base on principal repayment amount

Hi Experts,
We have a loan contract that have interest calculated base from the principal repayment amount.
is there anyway we can enter such an interest condition?
Any assistant will be greatly appreciated.
Thanks

Hi,
interest cannot be calculated from the repayment-condition (1120) - if we speak about Money Market.
You either pay the interest or you capitalize the interest (calculated always on the Payment amount).
Regards,
Lorenz

Similar Messages

Interest Calculation base days

Dear All,
I have configured interest calculation for line item & balances with the calender type as G.
During the execution of FINT, system consideres base days as 366. Our fiscal year is April 2008 - March 2009. Summing up the days it is only 365.
Please let me know the solution so that system calculates the interest based on 365 days.
Thanks & Regards,
Ajay Gupte

HI
WHAT EVER CONFIGURED NO NEED TO TAKE IN TO CONSIDRATION EVERY TIME.AS PER DAYA PER ANNUM U NEED TO TAKE
FOR EXAMPLE DAYS IN A YEAE LIKE 365 OR 366
GO TO OBAA
SELECT INTETEST CALCULATION INDICATOR OR ACCOUNT NUMBER
PRESS ON DETAILS BUTTON
GO TO CALANDER TYPE GIVE WHAT EVER U WANT
B 30/360
J 30/365
F 28,..,31/360
G 28,..,31/365
I .E AS PER U R REQUIREMENT
DO THE SAME IN GOLDEN CLINET AND TRANSPORT TO QUALITY LATER TRANSPORT TO PRODUCTION
I THINK NED FULL
SUMATHI
ACCENTURE

Interest on unscheduled repayment amount

Hi,
In the loans taken module in loans management, I have defined the interest condition to be due every 6 months. If there is an unscheduled repayment, the interest will be posted as per interest condition defined. However the base amount used for calculation will change as per the repayment posted.
Is there a way to post the interest on the unscheduled repayment amount on the date of the unscheduled repayment. The interest on the balance amount will then be payable on the original interest condition. Is there a configuration to enable this?
Regards
Akshata Vyas

Hi,
interest cannot be calculated from the repayment-condition (1120) - if we speak about Money Market.
You either pay the interest or you capitalize the interest (calculated always on the Payment amount).
Regards,
Lorenz

Error in Interest Calculation of Dunning Wizard

In our company the Local currency is USD, the system currency is CAD. I am running Dunning Wizard for a BP with two invoices past due. Both invoices are in CAD, however in the interest calculation, the interest amount is shown in USD only which does not make sense, and even when I try to change it to CAD values, it won't let me and give error msg "wrong currency".
Question:
1. What is the fix for this problem ?
2. We are in SAP B1 version 2005, SP1 patch 45. Will this problem be fixed in version 2005 latest patch (56) ? If not, will it be fixed in version 2007?
I do have a printscreen but don't know how I can upload to the thread.

Below is the answer I got from SAP support and I tested it's working. Put it here for the benefit of others who may have the same problem.
Reference: SAP Note 0000950583
Dunning Wizard displays Local Currency instead BP Currency
Symptom
When running the 'Dunning Wizard' the interest currency is always set as local currency instead of the business partners currency.
Other terms
Dunning, wizard, interest, amount, foreign, currency, local, system, LC, SC, FC, MC, display, show, present, SAP Business One
Reason and Prerequisites
Solution
Example:
Local currency: Currency A
System Currency: Currency B
BP Currency: Currency C
The currencies displayed in the Dunning Wizard Recommendation Report are defined under Administration - Definitions - Business partners - Define Dunning Terms.
Interest amount - The interest amount calculated for the invoice. The calculation is done in accordance with the defined dunning term assigned to the customer (by the remaining amount or the amount in the original document).
Use Original Exchange Rate from Invoice: The basis for interest calculation is the local currency this will display the local currency name on the Recommendation Report Dunning Wizard.
Use Current Exchange Rate: The basis for interest calculation will be in foreign currency this will display the foreign currency name on the Recommendation Report Dunning Wizard.
In addition, the interest and total sum displayed in the Dunning Wizard report will be in local currency, and all other values in foreign currency.
To display the interest amount in foreign currency on Dunning Wizard select "Use Current Exchange Rate" on "Define Dunning Terms" this will display the foreign currency name on the Recommendation Report Dunning Wizard.

Daily interest calculation on GL account 5

Hello
I see in transaction OBAA that interest calculation frequency starts only from one month (id 01, 1 month) and more. I have the requirement to calculate and post interest on a GL account each day.
Any suggestion? Instead of FI-GL I should use Treasury and create a money market product / security?
kr
Arjan

Hello
I want to set up account determination for treasury for following update types (related to regular bonds)
SAM1105     Installment/repayment
SAM5000     nominal interest
SAM5013     Dividend
SAM6104     Final repayment
SE1000     Purchase
Can somebody send me sample contents for following tables
TRAC_ACCSYMB_T
TRACV_POSTRULE
RACV_DFTRULE1
TRACV_DFTRULE2
TRACV_ACCSYMREP
kr
Arjan

Customer Interest Calculation - Customer Receipt

Hi All,
We have implemented Item Interest Charges for Customer w.e.f Feb 12
We executed the Interest Run for Jan.12(our first cycle). and the system has posted Interest document for all relevant customer with applicable interest rates in Jan12.
In Feb12, we received a receipt from a customer for (whom we executed the Interest run) specific to a sales invoice.
When we tried to clear off the sales invoice the system does not allows to process customer receipt because interest amount has not been paid by customer.
Accounting department don't want to process Partial/Residual payment for the above transaction.
Now our management requires that we must have an option to set off the interests charges separately and the interest charge must not be included with sales invoice on customer receipt.
Lets take an example (for one customer with same currency)
Sales Invoice 1. 10000EUR
Sales Invoice 2. 5000EUR
Sales Invoice 3. 15000 EUR
Total Open item 30000 EUR
Interest Calculated for the above invoices (line item) Doc No Interest .1
Interest Amt : 100 EUR (Sales Invoice 1)
Interest Amt : 50 EUR (Sales Invoice 2)
Interest Amt : 150 EUR(Sales Invoice 3)
Overall Balance end of Jan12 (after Interest Run) : 30300 EUR.
We received a payment for Sales Invoice.1for 10000 EUR on 5 Feb 12(customer has not paid the interest amt for sales invoice.1)
When we process customer receipt (F-28 or F-30), the system is showing an details as Gross : 10000, Partially Paid Amt 100- and when we select the specific invoice the system displays an overall 10100 EUR.
Now our Question is that, is it possible to clear individual sales Invoice (with its original value) and Interest charge separately.
i.e as per the above case 10000 EUR separately & 100 EUR separately or entire interest amount (300EUR) separately, two different customer receipts.
As customer state that he will pay the Internet amount separately (as we have generated the Invoice for interest charges) might be complete 300 EUR in single payment or partial.
Can you provide any lead/workaround to overcome this scenario.
We are in ECC 6.2.
Do revert
Regards,

Found the solution. Just remove the tick from Include Invoice ref.in editing option.

Interest Calculation for special GL items

Hi Experts,
We have posted some special GL indicator documents for the vendors, but in the interest calculation, that is not coming up.
However the system is picking up all the others debit and credit items for that vendor.
So what could be going wrong for this vendor?
Thanks in Advance,
Jeenat

Hi,
Check the transaction code OBAB and assign your special GL transaction to your Interest Indicator.
This should solve your issue.
However this setting applies only for account balance interest calculation.
Regards,
Gaurav

FINT interest calculation on open items

Hello,
I am a noob and I hope this is an easy one... At the moment our system is doing interest calculation only on closed items through FINT transaction, but now we need to enable it to do an interest calculation on open items, too. I would kindly require to point me how to do this.
Help is greatly appreciated.
Kind regards,
Andrej Trilavov

Dear Andrej,
You have to change Your interest indicator setting:
IMG (SPRO transaction)
Prepare Interest on Arrears Calculation
AND
Prepare Item Interest Calculation
change the item selection frame settings.
I hope this helps.
mauri

Interest calculation on bank cash credit account

Hi All
My requirement is to calculate interest on cash credit account in
bank . The interest is charged as for e.g 10% on any withdrawals above
10000 and 12% on any withdrawals above 15000 . Whre to set this limit ?
How will this cycle be done and will it be posted to GLs by this interest
calculation run or can it be used just for information purpose to cross
check the interest calculated by the bank ?
Please respond .

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.
To display all transaction codes:
Go to t.code:SE16
Table name: TSTC
Keep blank maximum number of hits.
Total transaction codes in SAP 70837.
The following steps are involved in interest calculation.
1. Define interest calculation types (OB46)
2. Prepare account balance interest calculation (OBAA)
3. Define reference interest rate (OBAC)
4. Define time dependent terms (OB81)
5. Enter interest values (OB83)
6. Creation of G L Accounts (FS00)
7. Define automatic posting (OBV2)
8. Entry for loan (F-02)
9. Interest calculation run (F.52)

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

Interest calculation on AR

Hi
I have a requirement of calculating interest on AR invoices on adhoc basis. We are on ECC 6.0 and using T Code FINT for interest calculation.
After i execute the FINT in test mode and select individual invoice and process form, system posts interest on all the invoices in that Customer a/c
Is it possible to run the Interest program for all the invoices but post and print only for the slected ones from the test run
Thanks in advance
Shiv

nmn

Inquiry on Interest Calculation using Interest on Arrears for Accounts Rece

Question:How can we calculate interest on the number of days from the document date, but only start selecting the item for interest after the item is past due?
Scenario:
Document date - March 18th
Due date - April 2nd
Desired results:
1) When running interest at the end of march the invoice will not be selected (as it is not past due)
2) When running interest at the end of April, Interest should be assessed for 12 days for March and 30 days for April (if past due, interest is calculated from the original document date and not the past due date).
Attempt:
In config I tried to set up the Interest Indicator (in Prepare Item Interest Calculation) to have Ref Date as Document Date, but the calculation still returns only 19 days for April (using due date).
Does SAP support this business requirement?
Thank you,
Rachel

Hi,
Please make use of the event 2010-Interest: Exclude Items.
Here all the line items on the account are passed one by one and records which are eligible for interest calculations are retained and rest are excluded by RAISE item_blocked.
You can put the check in this event on the amount.
Regards,
Gaurav.

Interest calculation based on Net Due Date

Hi guys: I want the interest calculation based on net due date and not document date or posting date.
I tried to check the box "ALWAYS CALCULATE INT FROM NET DUE DATE in prepare item interest calculation step, but system gives me message
"Do not select "Calc.intrst from net due date" for this int.calc.type
Message no. F7128"
Here are my questions:
1- how can i make the system to calculate interest only after the item is due for payment - right now its calculating anyday after the document date
2- Is this the correct place in configuration to do this? (ALWAYS CALCULATE INT FROM NET DUE DATE )
3- Also in T code FINT, how can i run interest posting for only one item rather than all that show up in test run? I tried selecting/highlighting only one but it posts all.
thanks much
brian

HI,
The system always calculates the interest from the document date of the invoice,
as of my knowledge there is no setting for the interest calculation from the net due date, so
what u need to do is when u are running the open item interest run u specify the period of only the date
from the net due date to required date as of u.
if u want to calculate the interest to paticular invoice and having two invoices
then u can run as per the document date and other thing is u can block the invoice for dunnig.
Regards,
Padma

Interest calculation error

Hi,
When i run vendor interest calculation, Interest is calculating properly.
But it also calculating interest on cleared items also. It only to calculate on overdue items which are managed on open item basis.
Pls solution
Rgds
sunfico

While running the interest calculation T.Code: F.52,after giveing the all parameters under the output control you will deselect additional balance line and interest splitting options. which interest type your used (P or S).
Regards
gvr

Interest Calculation on posting date and due date

Hi
I want vendor interest calculation on due date as well as posting date. Let me know how to get it. According to me only its possible on the basis of one date only.

HEllo!
In the report RFINTITAR, you use the interest indicator customizing:
IMG   > Prepare Item Interest Calculation   > Ref. Date
(table V_T056UX)   > field Ref.
(FI Item Interest Calculation: Reference Date)
You have the possibility to define what You need to be considered as
incoming payment due date, choosing between:
1 Value Date (or Baseline Date for Net Payment)
2 Document Date
3 Posting Date
4 Payment Baseline Date
As you can use one interest indicator per customer/vendor you can use only of the dates is used. But, in this
program you can use the BADI FI_INT_CUS01. Please, check if you can meet your business requirements using the methods
of the BADI.
REgards,
REnan

Setting up Interest calculation base on principal repayment amount

Similar Messages

Maybe you are looking for