on 08-28-2013 5:07 PM
hi,
in sap help interest calculation is divided into the following types:(http://help.sap.com/saphelp_banking80/helpdata/en/ec/a33d40c6d98437e10000000a155106/content.htm)
● Exponential Interest Calculation
● Combined Interest Calculation
● Intraday Interest Calculation
but in system i found
So,How these two group are related to each other and if they are not related then what is the difference among item interest calculation ,balance interest calculation , penality interest calculation and what are the business scenario in which these are used and what accounting effect these methods have
Regards
Khagesh
Hi Khagesh
Item Interest Calculation (P): Useful for customer/vendors account.
Balance Interest Calculation (S): Useful for GL Accounts.
For Examples
let secured loan taken from a bank
(1001)Bank A/c Dr
(2001)Loan Account Cr
Here interest will be calculated for loan account(2001) in this case balance interest calculation will be used.
Regards
Nakul
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Hi Khagesh,
Go through this link it has your answer with examples
http://wiki.sdn.sap.com/wiki/display/ERPFI/Interest+Calculation
i hope it helps there is a lot of other information available, please read through the SCN forum you will get several threads for this.
Best regards
Hrusikesh
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Hi Hrusikesh,
I already gone through these document but these document does not contain any information about
Not answered.
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