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Interest Calculation Configuration in SAP Introduction to SAP - FICO

Interest Calculation Company Creation in SAP
We have 2 types in SAP Define Company Code
1) Balance Interest Calculation (S)
Assign Company Code
2) Item Interest Calculation (P)
Define Business Area
Balance Interest Calculation (S) - Useful for General Ledger Accounts. Creation of Chart Of Accounts (COA)
Item Interest Calculation (P) - Useful for Vendors/Customers Accounts.
Assign Company Code to Chart Of Accounts
Customization of Balance Interest Calculation How to create Account Groups
Define Retained Earnings Account
1. Define Interest Calculation Type
2. Prepare Account Balance Interest Calculation Maintain Fiscal Year Variant
3. Define Reference Interest Rates Assign Company Code to a Fiscal Year
4. Define Time Dependent Terms
5. Enter Interest Values
Variant
6. Creation of G/L Accounts Define Variants for Open Posting Periods
7. Assignment Accounts for Automatic Postings
Assign Posting Period Variant to Company
End User Area: Code
Define Open and Close Posting Periods for
1. SBI rupee term loan receipt
2. Term loan repayment
Variant
3. Balance Interest Calculation Field Status Variant and Field Status Groups
4. Interest Rates Changed Assign Company Code to Field Status
5. Balance Interest Calculation (when rate changed)
6. Interest Postings to Accounts (one month) Variant
7. To view the Document Posted Define Document Number Ranges
8. Go and see the G/L master
Define Tolerance Groups for Employees and
Define Interest Calculation Type Assign User/Tolerance Groups
Define Tolerance Groups for G/L Accounts
Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business
Transactions - Bank Account Interest Calculation - Interest Calculation Global Settings - Define Interest Enter Global Parameters
Calculation Types (Transaction code is OB46) Creation of General Ledgers
How to Block and Delete G/L Account
Posting of Documents
Display and Change Document
Create and Display Sample Document
How to Park Document
In the SAP Reference IMG select the menu path
How to Hold Document
Month End Provision (Accrual/Deferral
Method)
Step 1) Select New Entries button Month End Provision (Open item
management - Full Clearing)
Month End Provision (Open item
management - Partial Clearing)
Step 2) Populate the following fields: Interest Indicator, Name and the Interest Calculation Type
Month End Provision (Open item
management - Residual Clearing)
Foreign Currency Transaction
Reversals (Individual, Reversal of reversed,
Step 3) Select save button we see message below
Mass and Cleared item reversal)
Interest Calculation Configuration in SAP
Foreign Currency Balance Revaluation
Prepare Account Balance Interest Calculation Advance Payment to Vendors in SAP
Terms of Payment in SAP
Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business
Transactions - Bank Account Interest Calculation - Interest Calculation Global Settings - Define Interest Automatic Payment Program in SAP
Calculation Types (Transaction code is OBAA)
ACCOUNT PAYABLE

Introduction to Account Payable

Step 1) Select New Entries button Creation of Vendor Account Groups
Create Number Range for Vendor Account
Assign Number Range to Vendor Account
Groups
Step 2) Populate the following fields: Interest calculation indicator, Interest calculation frequency and
Define Tolerance Group for Vendor
calendar type
Select balance plus interest check box Creation of 2 G/L Masters
Creation of Vendor Master
Document Types and Number Ranges

Note: HOUSE BANK

Calendar type - "G" for Rupee Term Loans
Calendar type - "F" for Foreign currency Loans Introduction to House Bank
Creation of G/L Master
Step 3) Select save button we get message below Define House Bank
Creation of Check Lots
Purchase Invoice Posting
How to view Vendor Account Transactions
Define Reference Interest Rates
To view G/L Account Balances
Interest Rates are given to Reference Interest Rate
Reference Interest Rates are assigned separately (Accounts with credit balance M2 and
Outgoing Payment with Clearing
Accounts with debit balance M3) Manual Check Creation
Accounts with debit and credit balances are assigned to INTEREST INDICATOR - M1 ( that we Display Check Register
defined )
Enter Check Encashment Date
Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business Unissued/Unused Checks Cancellation
Transactions - Bank Account Interest Calculation - Interest Calculation - Define Reference Interest Rates
(Transaction code is OBAC ) How to create Void Reason Code
How to Delete Check Encashment Date
How to Cancel Checks Issued
Cancel Payment
Step 1) Select New Entries button

Step 2) Populate the following fields: Reference interest rate, Long text, Description, Date from and
Currency

Step 3) Select save button we get message below

Step 4) Select next entry button in the same screen

Populate the following fields: Reference interest rate, Long text, Description, Date from and Currency

Step 5) Select save button we get message below

Define Time Dependent Terms

Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business
Transactions - Bank Account Interest Calculation - Interest Calculation - Define Time - Dependent Terms
(Transaction code is OB81 )

Step 1) Select New Entries button

Step 2) Populate the following fields: Interest calculation indicator, Currency key, Effective from,
Sequential number, Terms select from drop down menu and Reference interest rate (M2)

Step 3) Select save button we get message below

Step 4) Select next entry button in the same screen.

Populate the following fields : Interest calculation indicator, Currency key, Effective from, Sequential
number, Terms select from drop down menu and Reference interest rate (M3)

Step 5) Select save button we get message below

Enter Interest Values

Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business
Transactions - Bank Account Interest Calculation - Interest Calculation - Enter Interest Values (Transaction
code is OB83 )

Step 1) Select New Entries button

Step 2) Populate the following fields: Reference (M2, M3), Valid from and Interest rate

Step 3) Select save button we get message below

Creation of G/L Accounts

A. SBI Rupees term loan - Secured loan group (100300 - 100399)

B. Interest Account - Interest group (400400 - 400499)

To check account group for the accounts to be created follow the following path (transaction code is
OBD4)

Step 1) In the next screen scroll down to find the position button and click on it

Step 2) Enter the company code that we defined previously

Press Enter
Now we can find the Account Group, name, From Account and To Account details of the G/L accounts to
be created

G/L Creation (Use Transaction code - FS00)

A. SBI Rupees term loan

Step 1) Give the G/L account number, Company code and press With Template button in order to create a
new G/L account with reference to another G/L account

Step 2) Enter the G/L (Equity share capital ) and Company code
Press enter

Step 3) Change the Account group to Secured Loans, change the short and long text.
Select Create/bank/interest tab

Step 4) Field status group change to G005

Interest Indicator select M1

Step 5) Select save button we get message below

B. Interest Account

Step 1) Give the G/L account number, Company code and press With Template button in order to create a
new G/L account with reference to another G/L account

Step 2) Enter the G/L (Salaries Account ) and Company code

Press enter

Step 3) Select Type/Description tab

Change the Account group to Interest, change the short and long text
Other fields common

Step 4) Select save button we get message below

Assignment Accounts for Automatic Postings

Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business
Transactions - Bank Account Interest Calculation - Interest Posting - Prepare G/L Account Balance Interest
Calculation (Transaction code is OB83 )

Step 1) Select the Symbols button

Step 2) Note interest paid - 0002 and G/L account (paid) - 2000
Select Accounts button

Step 3) Give the Chart of Accounts MML and press enter

Step 4) Populate the following fields: Account symbol, Currency and G/L Account

Note: 10 times + means any account number

Why 10 times + (plus) if we are using 6 digits for G/L account? Why not use ++++++ (6 times plus) ? Because
even though G/L is 6 digits sap adds four zero to make it 10 digits Example : 400400 ( 0000400400)

Step 4) Select save button we get message below

End User Area

SBI rupee term loan receipt - (F-02)

SBI cheque date 10.04.2017
cheque deposit in bank 12.04.2017
Document and Posting date 12.04.2017
Interest calculation in SAP from 12.04.2017
whereas bank calculates from 10.04.2017
we are giving value date 10.04.2107

Now Sap also calculates interest from 10.04.2018

Step 1) Populate the following fields: Document Date, Type, Company Code, Period, Currency and Posting
key. Select the G/L account from the drop down button and press enter

Step 2) Populate the following fields: Amount, Business Area, Value date, Text, Posting key, Account in the
next screen and press enter

Step 3) Populate the following fields: Amount, Business Area, Value date, Text in the next screen and
press enter

Step 4) From the menu select document and press simulate to view the document details

Step 5) Select save button we get message below

Term loan repayment (Use t.code f-02)

Due date 10.09.2017

Cheque date 07.09.2017
Value date 10.09.2017
Document and Posting date 07.09.2017

Step 1) Populate the following fields: Document Date, Type, Company Code, Period, Currency and Posting
key. Select the G/L account from the drop down button and press enter

Step 2) Populate the following fields: Amount, Business Area, Value date, Text, Posting key, Account in the
next screen and press enter

Step 3) Populate the following fields: Amount, Business Area, Value date, Text in the next screen and
press enter

Step 4) From the menu select document and press simulate to view the document details

Step 5) Select save button we get message below

Balance Interest Calculation

Path: Accounting - Financial Accounting - General Ledger -Periodic Processing - Interest Calculation -
Balance Interest Calculation (Transaction code is f.52)

Populate the following fields: Chart of Accounts, Company code, G/L account and Calculation period
Select additional balance line check box
Execute

Here we view Interest rate and Interest

(100000*10%*153/365 days = 4,191.78
90000*10%*203/365 days = 5,005.48)

Interest Rates Changed

Interest rate change from 10% to 12% from 01.06.2017

On 100000 from 10.04.2017 to 31.05.2017 @ 10%
On 100000 from 01.06.2017 to 09.09.2017 @ 12%
On 90000 form 10.09.2017 to 31.03.2018 @ 12%

Enter Interest rate(new) - (transaction code is OB83)

Step 1) Select New Entries button

Step 2) Populate the following fields: Reference, Valid from and Interest rate

Step 3) Select save button we get message below

Balance Interest Calculation (when rate changed)

(transaction code is f.52)
Populate the following fields : Chart of Accounts, Company code, G/L account and Calculation period
Select additional balance line check box
Execute

Here we view Interest rate and Interest

(100000*10%*52/365 days = 1,424.66
100000*12%*101/365 days = 3320.55
90000*12%*203/365 days = 6006.58)

Interest Postings to Accounts (one month) (Transaction code is f.52)

Step 1) Populate the following fields: Chart of Accounts, Company code, G/L account and Calculation
period
Select Post interest settlements check box and update master records check box
Session name :MML
Posting to business area : MMLH
Posting date of session : 30.04.2017
Posting segment text : Interest for April 2017
Select Execute button

Here we can see Interest for a month (100000*10%*21/365 days)

Step 2) To view the batch Input session From the menu select System - Services - Batch input - Session

Step 3) Select the Session name and press process button

Step 4) Select Display errors only radio button and press process button

Step 5) We get message Processing of batch input session completed

To view the Document Posted (Use transaction code - FB03)

Go and see the G/L master (Transaction code is FS00)

Step 1) Give G/L account and company code

Select Display button

Step 2) Select Create/bank/interest tab

Here we see Key date of last interest calculation and Date of last interest run

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