Wrong Interest calculation

Hi Friends,
I am doing interest calculation and my requirement is such that for example if I am doing posting ( for eg 1000 on 31/01/2010) for project  in month of Jan 2010 and project is settled in Jan itself so now 1000 is in AUC. Now If I am doing interest calculation in Feb 2010 , then I want that interest should be calculated for 01/01/2010 to 31/01/2010( for entire Jan 2010), which is not happening right now and if in CJZ2 I am puting 02/2010 and project and executing then system is considering 1 day of Jan( 31st ) and 28 days of Feb 2010.
Can I overcome this thro config or custome development would be required for that?
Any pointers.
Regards
Ashutosh
Edited by: ashutosh p on May 7, 2010 5:58 AM

closed

Similar Messages

  • G/L account interest calculation

    Hello Experts,
    I have an issue with F.52 interest calculation; we have calculating interest for the period 01.07.2011 to 31.07.2011. However, calculation went fine for all G/L account except two G/L account which has calculating interest for earlier periods also.
    We analyze the issue and found out a one possibility, because of field u201CDate of Last Interest Runu201D however this field applies only when there is posting to G/L account with earlier date for which interest already been calculated. I have seen the documents which were wrongly picked in the interest run, and entry date is in earlier monthly only.
    I do not understand why these two G/L accounts is picking the documents in the earlier periods to calculate the interest for the period 01.07.2011 to 31.07.2011.
    Thanks in advance.
    Regards,
    MM

    Hello Mauri,
    Thank you very much for your reply.
    First of all we are not using the G/L updation through this program.
    I have an issue with only for the period 01.07.2011 and 31.07.2011 for two G/L account, and calculation is asolutely fine for all the earlier periods and even for next period 01.08.2011 ot 31.08.2011.
    As per my understanding u201CDate of Last Interest Runu201D, applies only when there is posting to the G/L account with earlier date for which interest already been calculated.
    If I keep the Date of Last Interest Run field blank, it calculate interest only for the period 01.01.2011 to 31.07.2011, however I can.t propose this solution because in all earlier periods they executed F.52 transaction with similar input parameter and calculation is absolutely fine.
    Please let me know your view.
    Regards,
    MM

  • 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

  • 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.

  • Compound Interest Calculator

    hi, im trying to create a compound interest calculator which allows the input of the year you would like to calculate and the amount of money, the interest should already be configured into the code which is of a rate of 5.5 percent
    import javax.swing.JOptionPane;
    public class Savings
    public static void main(String[] args) {
                   String input;
                   String years;
                   double amount;
                   double rate = 5.5;
                   String input = JOptionPane.showInputDialog("Enter the amount of money");
                   double principal = double.parseDouble(input);
                   String years = JOptionPane.showInputDialog("Enter the amount of years");
                   int nOfyears = int.parseInt(years);
                   amount = principal(1+rate)*nOfyears;
                   JOptionPane.showMessageDialog(amount);
    This is basically what ive written so far but I know there are many mistakes, can someone help me correct it or tell me what I need to add or remove?
    Thank you

    jakal121 wrote:
    OMG, thank you so much for that, it got rid of the problems I was having, I have updated the code now and some of the calculation process but Ive run into another problem, the following is the full updated code:
    import javax.swing.JOptionPane;
    import java.lang.Math;
    public class Savings
         public static void main(String[] args) {
              String input;
              String years;
              double amount;
              double rate = 0.55;
                   input = JOptionPane.showInputDialog("Enter the amount of money");
                   double principal = Double.parseDouble(input);
                   years = JOptionPane.showInputDialog("Enter the amount of years");
                   double nOfyears = Double.parseDouble(years);
              amount = principal * Math.pow((1+rate), years);
    JOptionPane.showMessageDialog(amount);
    }the line which is causing an error is
    amount = principal * Math.pow((1+rate), years);the error:
    Exception in thread "main" java.lang.RuntimeException: Uncompilable source code - cannot find symbol
    symbol:   variable principal
    location: class Savings
    at Savings.main(Savings.java:22)p.s thank you for the enormous amount of help georgemcYou're most welcome. I'm not going to fix your other problem for you, though. Instead I'm going to give you two very valuable bits of advice that I think are worth far more than me just correcting your code for you:
    1) Next time you have a problem with your code, read, then try to interpret the error messages you get. Nothing else will speed up your productivity than this. They might seem cryptic at first, but they're really not, if you just take the time to think about it. Learn how to do this and you'll find that first of all you manage to fix these problems all on your own, and secondly, that you eventually stop making the mistakes at all. Persevere, trust me!
    2) If you really can't figure out what's wrong, and really do need help, feel free to ask here. But make sure your first post explains clearly what the actual problem is. If you've got an error message, tell us what it is. Tell us where you think it's happening. Show a bit of code. Help us to help you, in fact. Makes everyone a happy panda
    Good luck

  • Interest calculation

    Hi
    I hv configured the interest calculation as shown below
    1.Define interest calculation type (item interest calculation)
    2.Define number ranges for interest forms(for xxxx company code)
    3.Prepare Interest on Arrears Calculation(selected open and all cleared items, calender type F)
    4.Define reference interest rates
    5.Define Time-Based Terms
    6.Enter Interest Values
    7.Assign Forms for Interest Indicators
    i have made postings in customer both open and cleared items for testing
    but i got message"list contains no data"
    do i need to make any other config.
    useful answers would be rewarded with points
    Regards
    Prasad

    Hi Prasad
    PLease check whether Customer master records are assigned with correct "Interest Indicator" at company code data.
    Best reagards,
    S. Habib Pasha.

  • Interest calculation on Open items and cleared items

    Dear Experts
    I am trying to do needful configuration for interest indicator on which interest can be calculated for open items and cleared items as well.  But,  system is calculating interest for open items properly, but not calculating interest on cleared items with same interest indicator,  I am repeatedly getting error "interest calculation indicator is not compatible with this type of interest calculation"
    Is it possible to use same interest indicator for open line items and cleared line items of customer?
    If possible, request you share the needful config steps to do same.
    points will be awarded for usful reply.
    Best regards,
    S. Habib Pasha.

    Hello Habib,
    depending on the requests you can setup a item interest calculation or a balance interest calculation "Define calculation types".
    IIC: check settings (item selection, all cleared items, only items with payment, no cleared items) "Prepare item interest calculation"
    I guess you have setup the item interest calculation - maybe you have mixed some entries with BAIC.
    Check in "Prepare account balance interest calculation" whether you have entries with the indicator you want to use.
    At least check your entries in "Define time-based Terms" If you have entries with Balance account interest calculation the system gives even an error.
    Hope this is helpfull.
    Best regards
       Horst

  • Dunning interest calculation

    Hi All,
    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..? In std SAP, is this interest
        calculated and shown only in the dunning letter ..? Does it have any other financial impact on outstanding..?
    2. 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

    can some one provide some  advice on this..?
    thanks,
    Neha

  • Bank Interest Calculation on Opening and Closing Balance

    Hi Experts,
    I have quiry on bank interest calculation. when was run F.52, giving one months (01.04.2008 to 30.04.2008) calculation period that time system calculate interest from 01.04.2008 to 30.04.2008.
    System calculate interest on Balance Carryforward amount.
    But why the system do not calculate interest on Closing Banlance ?
    1) We do not want the system to calculate interest on Balance Carryforward Amount.
    2) And we want the System to calculate interest on 30.04.2008 (that is on closing balance).
    How this can be done?
    Reliable answer get huge points
    Regards,
    Jemes

    vlauation is at plant level (MBEW table) the storage location level does not carry values (table MARD).
    You may have to develope your own ZMB5B  program and calculate yourself what is not stored in SAP.

  • 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 only for open item for customers

    Hi, do you know how to calculate Interest calculation only for open item for customers?I do not want to see cleared   items. I have problem with customization.
    Best Regards
    Tom

    In the item interest calculation, you can tick the  'open items' for calculation of interest and also select the 'no cleared items'.
    Regards

  • Interest Calculation on only future Open items

    Hi,
    We are adopting the interest calculation functionality, we do not want to calculate interest on past open items, i.e, if we go-live on 15.06.08 we do not want to calculate interest on open customer items before this date. We want to calculate interest for all future open items after 15.06.08.
    Does anybody has any answer for this. Can you please guide me in this.
    Thanks,
    Srini

    Hi,
    While creating reference interest indicators give the calulation from date (your required date). Then the system will calculate from date whatever you have mentioned.
    Assign Points if useful
    Regards
    Ravindra

  • Interest calculation on overdue customer open items

    Hi.
    I need to calculate the interest on the customer overdue open items. for that i have configured the following steps.
    OB46 - Interest Settlement Calculation Type
    OB82 - Interest Terms 
    OBAC - Define Reference Interest Rates 
    OB83 - Enter the Reference Interest Rates Value 
    OB81 - Define Time Dependent Terms 
    OBV1 - Prepare Interest on Arrears Calculation
    I have assigned the interest inidicator in the customer master record.
    Now when i run the interest calculation using FINT, it is giving me the error " Problem class very  important" and showing as "No records selected".
    Can anyone help me in this issue.
    Regards,
    Padmavathi

    Dear Mauri,
    Now i got the issue solved.
    In the step Prepare item interest calculation, i have given the ref date as 3 - positng date so only system is not picking the open items.
    Now i changed it to 4 - Payment baseline date. its done.
    Thanks.
    Regards,
    Padmavathi

  • Arrears Interest Calculation on AR Balances

    Hi,
    I am trying to calculate the Interest on AR Balances and was able to successfully post the entries also.  But the problem is the next month when I am running the interest calculation, I want the system to avoid calculating Interest on the document posted for Interest Charges last month to the customer account.
    For example, I have an open item when the first time I calculate Interest.  The programs calculates Interest and posts a document.  Next month, I want the system to calculate interest only on the original invoice or just the invoices, but not on the document posted for Interest, last month.
    Thanks,
    Madhav

    Hi,
    Took an alternative approach to resolve the problem.  Created a seperate document type for posting the Interest Journal Entries and when executing the Interest Calculation, excluded this document type.
    Thanks,
    Madhav

  • FINT interest calculation on cust overdue items from net due date required

    Hi.
    I am running FINT option i am running interest calculation from net due date onwards whereas the system is calculating the interest from Next date of due date.
    For example: Customer invoice is raised on 01.01.2011 and Net due date is 01.01.2011. I gave the option in the interest calculation - SPRO - FINANCIAL ACCOUNTING(NEW) - ACCOUNTS RECEIVABLE AND ACCOUNTS PAYABLE - BUSINESS TRANSACTIONS - INTEREST CALCULATION - PREPARE ITEM INTEREST CALCULATION, Ref date as as 1 - Value date (Baseline date from Net Payment).
    Still the system is calculating the interest from 02.01.2011 instead of from 01.01.2011.
    Can anyone help me in this regard.
    Regards,
    Padmavathi

    Hi,
    We can calculate interest on items cleared with in the calculation period.
    When you are calculating interest on open items, system will check open items as on the Calculation Date.
    But if you want to calculate Interest on items cleared with in the calculation period., you have to check Calculate Interest on Cleared Items also.
    For Instance: If you are calculating Interest on 31st July for the period of 01.07.2009 to 31.07.2009, in this case
    some open items are already cleared with in this calculation period, even though you have to calcuate interest for those cleared items for that many days. System will calculate interest for that many days.
    Try with this option, still if you need any help please let me know.
    Thanks
    Chandra

Maybe you are looking for

  • Problems saving values in the configuration file

    Hello, I'm upgrading one of my projects from VS2005 (with .NET 2.0) to VS2013 (with .NET 4.5). I have a setup project in my solution, but this is no longer supported and I have to change to InstallShield deployment project. With the old setup project

  • 16 bit/14bit nefs opening in P/S from camera raw 5.2 as 8 bit images

    I am downloading 16 bit nefs (D300) from card reader with cs4 bridge. In bridge I can check the meta data and see that they are 16bit but when I open in camera raw 5.2 then do the open file in photoshop form there they open as 8bit files instead of 1

  • Apple TV recent software update- Magnification?

    If anyone from Apple Corp is listening, there is still a feature missing that I would like to see in a software upgrade to Apple TV. When I click on, "Top Movies" and I get a grid list of all the "Top Rentals" I would like for the highlighted movies

  • PM Reports: Need to find the sum of a particular field in the output.

    Hello Experts,                       I have an issue. I have developed the report to calculate the power per ton. It is PM module. Input is : DATE & Measuring Point. Output required is : For a particular date , What is the power consumed per ton. Its

  • Buffer Cache Flush

    Hi All, What is the benefit of Flushing buffer cache. what are its effects and is it advisable to do it on production system. Thanks in Advance Edited by: Vikas Kohli on Jan 31, 2012 11:13 AM Edited by: Vikas Kohli on Jan 31, 2012 11:22 AM