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SAP Interest Calculation Configuration

This document outlines the steps to configure interest calculation in SAP, which can be done on account balances or specific areas. It describes 10 steps to set up interest calculation procedures, define reference interest rates and time-based terms, enter interest values, create G/L accounts, and prepare G/L account balances for interest calculation.

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ramakrishna099
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3K views7 pages

SAP Interest Calculation Configuration

This document outlines the steps to configure interest calculation in SAP, which can be done on account balances or specific areas. It describes 10 steps to set up interest calculation procedures, define reference interest rates and time-based terms, enter interest values, create G/L accounts, and prepare G/L account balances for interest calculation.

Uploaded by

ramakrishna099
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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SAP Interest Calculation Configuration Interest calculation configuration can be done by two methods i.

e Interest calculation on account balances and Interest calculation on areas. Interest calculation configuration steps Step 1: Define interest calculation procedure Step 2: Prepare account balance interest calculation Step 3: Define reference interest rates Step : Define !ime based terms Step ": #nter interest $alues Step %: &reate '() *ccounts Step +: Prepare '() account balances interest calculation configuration procedure !he following steps describe the calculation of interest. Step 1: Define interest calculation procedure S*P I,' Path: SP./ 0 1inancial *ccounting 0 *ccounts .ecei$able 2 *ccounts Payable 03usiness !ransactions 0 Interest &alculation 0 Interest &alculation 'lobal Settings 0 Define Interest Calculation Types !ransaction &ode: /3 % &lic4 on 5new entries6 and update the following entries

1. #nter your interest indicator in the Int ID field 2. #nter description of your interest indicator 3. Select interest calculation type .i.e 3alance interest calculation type or item interest calculation type

&lic4 on sa$e icon to sa$e the configured data.

Step 2: Prepare account balance interest calculation I,' Path: - SP./ 0 1inancial *ccounting 0 *ccounts .ecei$able 2 *ccounts Payable 03usiness !ransactions 0 Interest &alculation 0 Interest &alculation 'lobal Settings 0 Prepare *ccount 3alance Interest &alculation !ransaction code: /3** &lic4 on new entries and update the following entries

#nter your interest calculation indicator 7pdate the period determination i.e interest calculation fre8uency and settlement day Select appropriate calender type 93- 3:(3%:; ' 2<;=;31(3%">

Select

output

control

for

printing

form

and

terms

of

payment

for

posting

Step 3: Define reference interest rates Path: SP./ 0 1inancial *ccounting 0 *ccounts .ecei$able 2 *ccounts Payable 03usiness !ransactions 0 Interest &alculation 0 Interest &alculation 0 Define Reference Interest Rates !ransaction &ode: /3*& &lic4 on new entries and maintain the following entries

#nter your reference interest rate 4ey; long te?t; Description; date from; $alid currency of ref.int. rate.

&lic4 n sa$e icon to sa$e the data. Step 4: Define Time based terms Path: SP./ 0 1inancial *ccounting 0 *ccounts .ecei$able 2 *ccounts Payable 03usiness !ransactions 0 Interest &alculation 0 Interest &alculation 0 Define !ime-3ased !erms. !ransaction &ode: /3<1 &hoose new entries and update the following entries

#nter your interest calculation indicator 4ey in the int.cal.indicator field 7pdate the fields currency 4ey; #ff. from; se8uential number Select the transaction type from the list #nter .eference interest rate 9&hec4 step 3>

&hoose sa$e button to sa$e the data. Step : !nter interest "alues SP./ 0 S*P .eference I,' 91"> 0 1inancial *ccounting 0 *ccounts .ecei$able 2 *ccounts Payable 03usiness !ransactions 0 Interest &alculation 0 Interest &alculation 0 Enter Interest Values. !ransaction &ode: /3<3

#nter the reference interest rate 4ey in the reference field 7pdate the $alid from and interest rate percentage

&lic4 on sa$e icon to sa$e the data.

Step #: Create $%& Accounts Path: - I,' 0 1inancial accounting 0 '() *ccounting 0 '() *ccounts 0 ,aster Data0 Preparations 0 ') *ccount &reation and Processing 0 #dit '() *ccount !ransaction &ode: 1s:: &reate '() accounts for !erm loan; Interest paid; Interest recei$ed; loan Step ': Prepare $%& account balances interest calculation procedure S*P I,' Path: SP./ 0 1inancial *ccounting 0 'eneral )edger *ccounting 0 3usiness !ransactions 0 3an4 *ccount Interest &alculation 0 Interest Posting 0 Prepare '() *ccount 3alance Interest &alculation !ransaction &ode: /3@2 &lic4 on *ccounts button and enter chart of accounts 4ey and press enter to continue

7pdate the account symbols in the *cct symbol field; '() *ccounts as shown below. *fter updating the re8uired data clic4 on posting specs

&lic4 on posting specs button; then select edit option and then clic4 on create button and update the following information

&lic4 on sa$e icon to sa$e the configured data. Successfully you ha$e configured interest calculation in S*P.

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