Hi,
We are a funding organization and we use SAP to replace our core business ERP. The normal case in any project that we fund as a loan, is to have both interest and installments calculated in the same billing cycle (same due date). However, there is an emerging need to have a separate billing cycle (different due dates) for interest and installments. So instead of calculating interest and installments due on the same date (lets say bi-annually on Jan and July), we need to calculate installments due (only installments without the interest) on Jan and July, while interest (only interest) will be calculated on Feb and August.
In both cases the system will use the withdrawal balance of the loan in order to calculate which installments are due, and will use the withdrawal balance to calculated the interest due, but instead of combining this calculation on the same date (billing cycle), the need is to separate them in two different dates (cycles).
Can this be done using standard configuration?
Regards,