Term Loan Repayment

Hi
we have taken loan say $10000 and want to repay over a period of 10 months with interest rate of 10% at reducing balance method and interest also will be calculated accordingly on the balance outstanding.
How can it be done through Oracle payable?
Is there work around for it?
Thanks
Jogendra

Hi,
We are looking for solutions in payables module in R12.
We are having term loan and Hire purchase loans and their repayment is being done over a period of time.
The payment are made at a reducing balance method .Hence we would like to know how this can be achieved in Oracle Payable.
Also we would like to know whether can we generate any report which would state that at any point of time what is the total liability for all such loans.
Is it possible to do it Payables or shall we have to go for some other module.
Thanks for your help.
Regards
Jogendra

Similar Messages

  • Error While creating loan repayment plan

    Hi
    While I am reating loan repayment plan after making the necessary inputs in the loan(0045) IT it is showing the following errror. We are having only the interest free loans.
    <b>Effect.int.rate cannot be calculated because no flow records exist</b>
    because of this I can not put the loan end date for the loan type.
    Pls give solution
    Regards
    Mathews

    Hi,
    I think you need to check these two points.
    1. Are you giving the End date as 31.12.9999 or the date on which the loan will have been reapid completely. You need to give the end date as the one on which the loan gets repaid.
    2. Otherwise please go to spro-payroll-your country payroll-loans-Calculation-Adjust Value Date (here give end date as 31.12.9999.
    Please try the above two points and see if it works.
    Regards,
    Imran

  • Term Loans

    Hi
    How can I treat Term Loan accounts? Do I make one reconciliation account and treat each term loan as a vendor? Or do I make each term loan as a G/L Account?

    Hi,
    Term loan accounts are not reconcilaition accounts.
    For Eg: we take loan from Bank , the accounting entry is
            cash AC  Dr.
              To. Bank Term loan a/c
    here we gave credit to term loan a/c, but not to Bank account. So we need not to create term loan account as reconcialiation account. If we maintain interest indicator in GL account, we can post the intereset automatically.
    If helpful plz assign points.
    Thanks & Regards
    Sunitha.

  • Term Loan or Working Capital Loans

    Hi
    How to deal with term loan and working capital loans in financial moduls. Objective is to reduce the no of accounts for loan liability accounts in GL.
    Regards,
    Ravi Kumar V

    Hi Expert,
    Go to T-Code: OB58,
    Double click on the your FSV, if it is already created or else create a New FSV by clicking New Entries Button.
    Maint. language                 -   EN
    Item keys auto.
    Chart of Accounts           -    XXXX(Provide your Chart of Accounts)
    Group Account Number 
    Fun.area perm.
    Click on Financial Statement Version and select the Hierarchy -
    Secured Loan/Working Capital Loans from Bank
    and there Select the Hierarchy and Click on Assign Accounts and select these two GL Accounts separately with two different rows..
    First Row - From - 24106020 HDFC a/c 0407031000094
    First Row - To - 24106020 HDFC a/c 0407031000094
    Second Row - From - 24106200 HDFC a/c Virbhadra a/c payments
    Second Row - To - 24106200 HDFC a/c Virbhadra a/c payments
    and click on OK Button and Save the FSV, which will group accordingly...
    Regards,
    GK
    SAP

  • Bank Term Loan

    Hi Gurus
    Can anyone help me on how to address bank term loan its periodic interest calulcation and payment etc., in SAP
    Regards
    Ganesh

    Hi
    Bank Interest Calucualtions setting u have to configure
    First create relevnt house bank and Gl Mastress
    In gl master assign gl account and Interest Indicater
    and also configre
    account assignment for interest payment account and Term loand account for no of term loan accounts if ther give that 10 times + these are the back end setting
    and u have to run to interest transation f.52
    Give all the parametsrs

  • Short term portion of a long term loan to be posted to different G/L

    Hello,
    You have entered a 10 year loan with yearly installments as an interest rate instrument (so NOT via loans module ! )
    Long term loans are posted initially to G/L 174000000
    However, during the lifetime of the loan, the portion that becomes due in less than one year should be reclassified to another G/L account, e.g. G/L  42400000.
    How can such "reclassifiation" posting be customized and executed by a standard SAP transaction?
    Thx,
    Carl

    Hi Prasad,
    Referring to your message if it is not possible in Money Market, is it possible in Loans Management.  The requirement is exactly same.  Here the requirement is mainly to meet the reporting requirements. 
    Out of the total long term loan, the portion which is filling due within a period of one year need to be identified as current liability which is payable within one year and it is not about reclassification or something of that nature.  This is the reason I was trying to ask you the postings, how it can happen? 
    The initial posting has gone to Long term liability GL account based on the account determination.  Out of the total loan borrowed, the portion of installments which are becoming due within one year need to be shown as current liabililty/current maturity.  Can you please post if this can be handled with standard functionality. 
    thanks in advance for the update.
    Kumar

  • Student Loan repayment question

    Hey all,  My partner has some student loans in deferment while she finishes school. Since they show as installment loans, would it change the reporting/help to start making small payments now? We can easily throw 50 bucks a month at them, but we could also throw that money towards our house down payment fund.  Any advice is appreciated. 

    hanales wrote:
    Hey all,  My partner has some student loans in deferment while she finishes school. Since they show as installment loans, would it change the reporting/help to start making small payments now? We can easily throw 50 bucks a month at them, but we could also throw that money towards our house down payment fund.  Any advice is appreciated. I would not be putting money towards loans that are in deferment.

  • Product type 55c rupee term loan tds and withholding tax deducted

    Dear team
    any one guide me while posting intrest by using t code tbb1 systen calculates tds and withholding tax but i want only tds how can i remove withholding tax .  Pls respond urgently
    sarath

    Hi,
    ...in case you get the Witholding Tax flow in Treasury-module already (-> check cashflow;), the flow comes from "Derived Flows" setting. the flow then already exists before running TBB1...
    Regards,
    Lorenz

  • Lion errors on install for a MacPro someone lent me on long term loan.

    I did the $ 29.95 download and now want my money back.  I upgraded to snow leopard first and made certain I had 4 Gb of RAM.  The 4 1 Tb hard drives in the machine are concatenated so that they look like one hard drive (concatenation was done using Disk Utility under 10.5).  No, I do not want to undo all the work I did on that.  Lion looks to me like a lemon based on all the install complaints on the net.

    Sorry, if I sound silly on this next question, or string of questions, but:
    What does EFI stand for?
    Is it an acronym for something?
    I thought that my MacPro is 64bit? Well that is as far as I remember the salesman telling me, back when I did the B.T.O spec.
    I am running 64bit apps [in full 64bit mode] as far as I understand. Like the CS suiite.
    If I look at "About Photoshop…" it says — Version 12.1 x64
    Doesn't that mean that it is running 64bit apps?
    Or are you saysing that the "entire operating system" / "bios" or whatever it is called in Mac language, is not actually capable of running as 64bit?
    I need to find my box, that came with the MacPro, ans just have a look at the info that is detailed on it. As as far as I can remember there was even a big "64bit" flashy thing, somewhere on the outside of the box.
    But in the meantime, if you can perhaps help with the earlier questions.
    And perhaps one more …
    Where woudl I find the info / persons that I could investigate that "Hack", as I may need to investigate that a little. If anything just to be better informed, for the future. At the end of the day, if I have to scrub the entire Mac to the beginging, and reload everything, so be it, at least it will be a learning curve in the process.
    I have all the legal software installers etc, so all that it will cost me is time, if it does "kill" the operating system …

  • Standard Cash and Bank Reports

    Hi All,
    Can anyone please let me know if we have standard reports for the below mentioned scenerios...as i m getting a hard time looking for the same...i knw i am asking for more...i will appriciate your extended kind support
    CASH AND BANK
    1. Periodic re-imbursement total report.
    2. Petty cash analytical reports by frequency of reimbursements, by expense category.
    3. Periodic cash & cheque receipt report, summary & details.
    4.Periodic payment voucher listing by payment group, supplier name or number etc,
    5. Periodic banking facility utilization report.
    6. Periodic short term loan repayment schedule.
    7. Periodic post dated cheques report.
    8. Periodic post dated cheques report.
    9. Periodic cheques in hand report (to trace cheques raised but not delivered)

    Hi
    You have Cash flow statement based on 0FIGL_VC1
    http://help.sap.com/saphelp_nw70/helpdata/EN/7d/6cfa40ee14f26fe10000000a1550b0/frameset.htm
    You also have Cash flow statement based on 0BCS_C10, but not sure it does suits to your requirement.
    http://help.sap.com/saphelp_nw70/helpdata/EN/39/09503e50a9054be10000000a114084/frameset.htm
    Hope it helps

  • Loans Business Process

    Hi Experts,
    Can anyone give me a business process overview of Loans from SAP perspective? I am totally clueless about Loans and I want to know how its done from HR perspective as well as SAP perspective.
    Like what are the stages for Loans in SAP. I want to know specifically about amortization, annuity, annuity pattern, debit interest rates etc. How is the interest rate made through configuration is arrived at, etc. II don't need the definition of these terms.  I want to know them in the context of Loans from SAP perspective... I hope you know what I'm trying to say.
    Thank you.
    Regards
    Olekan

    Loans  IT0045
    This infotype will take care of Loans which were Given to an Employee from the employeer and at the same time the employer can recollect the amount given to the Employeer in the form of installment and interest
    IT0045
    Consists of three tabls
    Amount given by the employeer in the first tab   Basic data
    Note in this tab  Loan amount paid , Loan Amount balance, End of load feilds will be updated obly after running actual pay roll
    and we cannot see the feilds in the adhoc query
    Next tab is conditions
    you will select the loan is interst or without intrest free in this tab along with Repayment start date Repayment installment
    and also u can see the icon ABACUS here
    and third tab  Payment
    Here you will select the mode of Payment such as External or internal
    External the Amount will be paid by FICO through Check so in that case it shd not include in Pay slip or pay roll at that thime you can opt this procedure
    internal means standrad
    there are some more payment methods in this tab please have a details look over it
    and now the back end configuration
    XLOZ is the PCR which has to be modefied   check the below explanation
    say u r haveing two loan types
    1 Houseing Loan
    2. Personal Loan
    for IT0045 create two sub types 9001 for Houseing Loan 9002 for Personal Loan
    u can chec the same in the Configuration
    now
    for Houseing Loan copy two wage types
    9021 from /Lop Loan payment
    9022 form /LRP loan Repayment
    do same for Personal Loan
    now go to XLOZ rule in PE02
    Copy it as ZLON
    under the node /LOP that is loan payment
    make
    add L9001 this is ur subtype for Houseing loan
    under that ADDWTE9021 as this is ur wage type for Loan Payment
    the same logic applicable for /LRP here u have to keep 9022
    Still any doubt please let me know

  • 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
    shivaji

    Hi,
    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

  • Process flow of loan taken with Partial Disbursement

    Hi,
    Any one tell me about Business Process of Loan taken with partial disbursement
    Commitment capital: 100000
    firstly partial disbursement : 25000 without incidental cost
    second disbursement: 75000
    after that I manage all the disbursement in one contract (To manage interest payable, repayment)
    Thanks and best regards
    Ms.Minh

    Please clarify what exactly would you like to know.
    after partial/full disbursment loan is being serviced through it's ordinary life cycle.
    In general you have to:
    - post interest and charges on the monthly/quarterly basis (subject to your particular loan conditions),
    - post interest accrual/deferral (if applicable),
    - process loan repayment,
    - after loan is fully repaid - close the contract.

  • Loans Mgt: per maturity different GL account needed

    Hello
    What is the technical solution (customizing) for the following requirement? For loans with a term / maturity < 1 year (field in the master data of the CML loan) the GL account for the asset/liability (depending on loan given/taken) is 1111 "Short term loans"; for loans with a term  / maturity between 1 year - 2years should be GL account 1122 "Mid term loans"; and above 2 years GLaccount 1133 "Long term loans"; .

    Hi ,
    The requirement mentioned can be satisfied by using valuation class , use the valuation class for differentiating the instrument as  long term , medium term and short term respectively . assign these valuation class  while creating the contract  if u r using money market as a loan instrument then in the  administration tab the general valuation class can be used and in the acct assignment reference u can create the  acct assignment refernce for short , medium amd long term contract .and u can use acct assignemnt refernce as a factor for determining the GL account , similarly if the loan contract is being  created under the  loans management node in SAP banking then you can use loan class a factor  similar to valuation class

  • Bank Loans in SAPB1.

    Dear Experts,
    We apply loans to each AP invoice when AR invoice due date is later than AP invoice due date.
    We want to link the interest cost to each loan as a landed cost on the invoice
    (I know landed cost is not supposed to be used for that but Landed costs seems the only way to total the costs of sales
    such that profit can be shown as AP INV + costs - AR INV)
    They are short term loans typically less than 1 month.
    Loan is done on a per invoice basis.
    The loan is paid back in full as soon as AR payment is received.
    Eg
    1) AP Invoice     1,000 USD
    Due date:        June 2nd      
    AR Invoice        1,100 USD
    Due date:        June 29th
    Cost of the loan is for example 1 USD in interest. Which we would like to apply as a landed cost to the invoice.
    I cannot find a loan module in SAPB1 so I was thinking I need to make our bank
    a vendor and customer and make an AR INV for 1000 USD incoming as June 1st,
    and AP INV for 1001 USD outgoing June 30th. Then we can see our cash flow position.
    After that, I'm a bit stuck because I want to link the interest cost of 1 USD to the original AP invoice (1 above)
    as part of the cost of sales (landed cost together with freight costs) etc.
    Any kind advice or pointers in the right direction would be really appreciated.
    Message was edited by: George Harris

    Hi ,
    Could  you please elaborate your problem  .
    Is the loan service visible on portal . If yes  are the loan types coming .
    Have you checked the ess related config in back end ?.
    Also while entering loans in IT0045 do any warning messages come because all the warning messages are converted to error messages in ESS . so if there is warning message coming for loan type in back end for eg :  the maximum eligibilty for loan type XXXX  is 0 . then thye loan type shall not be visible on front end.
    so please check the above things
    Regards
    Nidhi

Maybe you are looking for