Vendor Interest 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In case the deposit is withdrawn after 6 months but before 18 months, then the rate applicable for ONE year shall be taken and 1% penalty should be deducted and interest shall be recalculated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In case the deposit is withdrawn after 18 months but before 30 months, then the rate applicable for TWO year shall be taken and 1% penalty should be deducted and interest shall be recalculated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In case the deposit is withdrawn after 30 months but before 36 months, then the rate applicable for THREE year shall be taken and 1% penalty should be deducted and interest shall be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,
Hi
asset accounting is not the right place for this inquiry, as asset accounting does not vendor interes calculation.
Blaz
Similar Messages
-
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In case the deposit is withdrawn after 6 months but before 18 months, then the rate applicable for ONE year shall be taken and 1% penalty should be deducted and interest shall be recalculated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 -
Interest calculation on vendor down payments
With reference to above subject, I have configured all the settings, after that i was executed vendor interest calculation in F.4A, system showing batch in put session created.But it is not showing intrest break up...
after that I had run the batch input session in SM35 with foreground, but i will not generate any accouning document.
Thanks®ards
sureshhi
In further selections have u checkd the special G/L indicator, and Check whether form has been properly assigned.
Cheers
Muralidhar
To say thanks reward points
Message was edited by:
Murali dhar -
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
sunficoWhile 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 -
Interest calculation on vendor's due line items
Hi Experts,
Kindly help ne to configure Interest calculation on SME types of vendor's line items which are due for payment.
Regards,
Kuldeep DubeyDear Ashok,
thnks, pts assigned, but prob not solved.
<u><b>if possible pl give the entire steps for me to check & may be 1 scenario</b></u>
the present scenario is that i have posted vendor invoices in apr'06 , maintained vendor master, vendor not paid so far , running f.4b, selecting all relevnt fields, like calclation dt upto 30/4/06, interest posting dt to be 30/4/06, period -1, print form - printer lp01 etc etc.
Rgs
Vinod -
Interest calculation for vendors
Hello gurus,
In interest calculation for vendors, In interest on arrears calculation(vendors) t-code (obv9) Here wht we have to configure the steps, like Infirst step i had given,,
Account symbol Currency G/l Account
0002 inr 40009(interest)
Then second step wht i have to give for vendors,, if it is general ledger we will give 2000(g/l a/c paid).
My question is wht we have to give in second step......For Vendors...
Regards,
Assign Points.Hi,
vendors and customers interest is p type.and it is item interest calculation. The t.code f.2a, f.2b. Try with this.
If helpful assign points,
Rams -
VENDOR LINE ITEM INTEREST CALCULATION
Hi Friends.
I configured all the settings relating to the line item interest calculation on vendor line items with interest calculation frequency as 1 month.
When I run the program for the first month by using T.code F.47 by specifying the from date and to date, the system is calculating interest amount correctly but when I run the same program for the second month by specifying the from date and to date, the system is calculating interest for the current month as well as the previous month.
Please respond.
Regards.
SriniHi Venkat,
The system takes the open items into consideration when calculating the interest. May be the open items that were there in the first month still continue to be existing during the current month also. Try clearing some of the previous month's open item and run the program. You should see some difference in the interest calculation.
Thanks,
P.k -
Balance interest calculation on vendors
Hi,
Is it possible to calculate interest on vendor balances?
I did all the settings for interest calculation and assigned the interest indicator to the vendor master. When I run the interest calculation program (Free Selection) a batch input session is generated but ZERO transactions are processed in the session. I made a vendor posting as well as a part payment. I want to calculated interest on the open items.
Please advise.
Thanks in advance
RajDear Raj,
are You asking if it is possible to calculate the interest on items (on arrears) on vendors?
The answer is yes.
You should use the report RFINTITAP. There is an old one RFKUZI00 but please use the new one; You can use the transaction FINTAP as well.
There are a lot of steps to do: create an interest indicator linked to P (interest calc. type) --> ITEM INTEREST CALCULATION, then You to define the item selection by IMG -->
Prepare Interest on Arrears Calculation
Prepare Item Interest Calculation
and then customize the following steps:
Define Time-Based Terms
Interest on Arrears Calculation (Vendors)
Then insert the relevant interest indicator into the vendor master data.
I hope this can help.
Mauri -
ITEM INTEREST CALCULATION ON VENDOR AND CUSTOMER
Dear all,
how to calculate Item interest calculation on Vendors and customers
what is the configuration need? please let me know it is very needful for me
Thanks in advance.
Regards,
Ram.in ob46 we maintain int calculation types under that u can maitain int indicatro name int calculation type(P)and save
after that u can prepare itme balance interest calculation(path spro/f/a/ap&ar/business transactions/int calculation/int calculation global settings/prepare item int calculation) here
u can enter int indicator select open itmes check box enter calander type etc.
define referance itn rates obac here u can enter ref int rate long text short text date from currency and save
define time dependent terms ob81 here u can enter int indicator currency effective from sequential number term(u can select item int calculation) ref address rate etc.
enter int values ob83 here u can enter reference int indicator from date and percentage save.
if u have any doubt let me know. -
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 -
Interest Calculation on Vendors
Hi,
while excecuting the batch input for inetrest calculation on vendors system not updating the with holding tax after completion of the transaction from f.44. but it has to calculate the tax.
kindly send me solution how many way's it will be.
Thanks & Reg
malliDear Raj,
are You asking if it is possible to calculate the interest on items (on arrears) on vendors?
The answer is yes.
You should use the report RFINTITAP. There is an old one RFKUZI00 but please use the new one; You can use the transaction FINTAP as well.
There are a lot of steps to do: create an interest indicator linked to P (interest calc. type) --> ITEM INTEREST CALCULATION, then You to define the item selection by IMG -->
Prepare Interest on Arrears Calculation
Prepare Item Interest Calculation
and then customize the following steps:
Define Time-Based Terms
Interest on Arrears Calculation (Vendors)
Then insert the relevant interest indicator into the vendor master data.
I hope this can help.
Mauri -
Vendor Deposit Interest Calculation
Dear All
Can u instruct customization step by step procedure of Vendor Deposit interest calculation along with TDS calculation on it .
Thanks in advance.
VG.Hi,
Pls check below link.
http://help.sap.com/saphelp_45b/helpdata/en/cf/6ff195414f11d182b10000e829fbfe/frameset.htm
Regards,
Anil -
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,
JeenatHi,
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 -
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
Maybe you are looking for
-
Seeing this error when retrieving data from a SharePoint list. I have full access to the list. Any help would be appreciated. DataSource.Error: SharePoint: Request failed: The remote server returned an error: (500) Internal Server Error. (An error oc
-
do i need to upgrade to Dreamweaver 8 to use Contribute 4? Or is Dreamweaver MX compatible? Thanks!
-
Hello All, Is it possible to create a portal in CRM for individual users which integrates the information taken from the company database and the internet. The information that we are looking to have in the portal is mentioned below 1) News Feeds [ob
-
Hi all, I'm new to flex and actionscript and have been trawling Google trying to find an example but I'm having no luck. What I'm looking for is to return an error when my HTTPservice can't get a connection to the file its calling. Does have any idea
-
Switch stacking limitations?
Hi all, quick question. I'm looking to stack Cisco 2960x switches in several locations. Would be doing them in stacks of 3. Is it possible to stack in this configuration? 48 port Poe 48 port Poe 24 port no Poe Or does hardware need to be identical? T