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Former Member

SAP Loans Posting and VAT

Hi All,

Regarding the banking application, Loans management... I have a few questions I require assistance with please.  Unfortunately, I do not have access to a sustainable SAP system to test this myself so was hoping someone could be my saving grace and help me.

1.  Is it possible to add a vat code to the interest posting (specifically interest income) leg for a loan given?  The idea is to view these postings on the SAP vat reports for further client reporting requirements.

2.  When setting up a loan given, what is the financial postings (G/L accounts, debit/credits) that occurs in order to complete a full process from loan given to loan  maturity?  I am trying to understand what when a loan is disbursed, interest is posted and a repayment is posted, which accounts are hit from a financial perspective in SAP.

3.  What is the purpose of the recon account posting for disbursements, interest and repayments for a loan given and what other options are available if you do not post to a recon account.


Thanks in advance.

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2 Answers

  • Oct 26, 2015 at 08:26 AM

    Hi

    I am answering your second point

    At the time of Loan taken

    Bank a/c dr

      To Liablity a/c

    At the time of interest payment

    Interest a/c DR ( Exp GL)

      To Bank a/c

    At the time maturity

    For interest part

    Interest a/c DR ( Exp GL)

    To Bank a/c

    For principal part

    Liability a/c Dr

      To bank a/c

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  • Oct 26, 2015 at 08:30 AM

    Hi,

    For your first question, Please check below thread.

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