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Interest Calculation in SAP

This document outlines the 7 steps to configure interest calculation in SAP, including: 1) defining interest calculation procedures, 2) preparing account balance interest calculations, 3) defining reference interest rates, 4) defining time-based terms, 5) entering interest values, 6) creating general ledger accounts, and 7) preparing general ledger account balance interest calculations. It provides details on the SAP configuration paths and transaction codes needed to complete each step.

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526 views7 pages

Interest Calculation in SAP

This document outlines the 7 steps to configure interest calculation in SAP, including: 1) defining interest calculation procedures, 2) preparing account balance interest calculations, 3) defining reference interest rates, 4) defining time-based terms, 5) entering interest values, 6) creating general ledger accounts, and 7) preparing general ledger account balance interest calculations. It provides details on the SAP configuration paths and transaction codes needed to complete each step.

Uploaded by

naysar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Interest Calculation in SAP – 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 the interest calculation procedure
Step 2: – Prepare account balance interest calculation
Step 3: – Define reference interest rates
Step 4: – Define Time based terms
Step 5: – Enter interest values
Step 6: – Create G/L Accounts
Step 7: – Prepare G/L account balances interest calculation
configuration procedure

The following steps describe the calculation of interest.

Step 1: – Define the interest calculation procedure

SAP IMG Path: – SPRO > Financial Accounting > Accounts


Receivable & Accounts Payable >Business Transactions >
Interest Calculation > Interest Calculation Global Settings >
Define Interest Calculation Types
Transaction Code: – OB46

Click on “new entries” and update the following entries


:
1. Enter your interest indicator in the Int ID field
2. Enter a description of your interest indicator
3. Select interest calculation type .i.e Balance interest calculation
type or item interest calculation type

Click on the save icon to save the configured data.

Step 2: – Prepare account balance interest calculation

IMG Path: – SPRO > Financial Accounting > Accounts


Receivable & Accounts Payable >Business Transactions >
Interest Calculation > Interest Calculation Global Settings >
Prepare Account Balance Interest Calculation
Transaction code: – OBAA

Click on new entries and update the following entries

Enter your interest calculation indicator


Update the period determination i.e interest calculation
frequency and settlement day
Select appropriate calendar type (B- 30/360, G – 28,…,31/365)
Select output control for printing form and  terms of payment for
posting
:
 Step 3: – Define reference interest rates

Path: SPRO > Financial Accounting > Accounts Receivable &


Accounts Payable >Business Transactions > Interest Calculation
> Interest Calculation > Define Reference Interest Rates
Transaction Code: – OBAC

Click on new entries and maintain the following entries

Enter your reference interest rate key, long text, Description, date
from, valid currency of ref.int. rate.
:
Click on the save icon to save the data.

Step 4: – Define Time based terms

Path: SPRO > Financial Accounting > Accounts Receivable &


Accounts Payable >Business Transactions > Interest Calculation
> Interest Calculation > Define Time-Based Terms.
Transaction Code: – OB81

Choose new entries and update the following entries

Enter your interest calculation indicator key in the


int.cal.indicator field
Update the fields currency key, Eff. from, sequential number
Select the transaction type from the list
Enter the Reference interest rate (Check step 3)
:
Choose the save button to save the data.

Step 5: – Enter interest values

SPRO > SAP Reference IMG (F5) > Financial Accounting > Accounts
Receivable & Accounts Payable >Business Transactions > Interest
Calculation > Interest Calculation > Enter Interest Values.
Transaction Code: – OB83

Enter the reference interest rate key in the reference field


Update the valid from and interest rate percentage
:
Click on the save icon to save the data.

Step 6: – Create G/L Accounts

Path: – IMG > Financial accounting > G/L Accounting > G/L Accounts
> Master Data–> Preparations > GL Account Creation and
Processing > Edit G/L Account
Transaction Code: Fs00

Create G/L accounts for Term loans, Interest paid, Interest received,
loan

Step 7: – Prepare G/L account balances interest calculation


procedure

SAP IMG Path: – 

SPRO > Financial Accounting > General Ledger Accounting >


Business Transactions > Bank Account Interest Calculation > Interest
Posting > Prepare G/L Account Balance Interest Calculation
 Transaction Code: – OBV2

Click on the Accounts button and enter the chart of accounts


key and press enter to continue

Update the account symbols in the Acct symbol field, G/L Accounts
as shown below. After updating the required data click on posting
specs
:
Click on the posting specs button, then select the edit option and
then click on create button and update the following information

Click on the save icon to save the configured data. Successfully you
have configured interest calculation in SAP.
:

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