Interest Calculation Method for Company Loan

[Former Member]

Dear experts,

We've just had a new company loan that will be executed in next payroll period.

But we can not find the interest calculation method that suits with this company loan. Does SAP provide any way so we can create new interest calculation method in addition to interest calculation method which exist (30/360,30/365,act/360,act/365,act/act) ?

Thank you in advance.

Best regards,

fr4nk1s

[Former Member]

hai Nalla,

thank you for your kind help, it seems that we can not add any new interest calculation method, it needs sap modification since it's a standard sap program.

however, thank you once again for your kind help.

regards,

fr4nk1s

[Former Member]

hai Nalla,

thank you for your kind help, but the problem is that we would like to change interest calculation method to another one that is not exist yet in the list. we would like to create the new one. how are we supposed to do it? or is it not possible for us to add our own interest calculation method?

thank you once again.

best regards,

fr4nk1s

[Former Member]

hi

it can be done check for the table from which this drop down list is coming

u can do it by picking up the field name

ask the abaper to find the table

in tat table add and see the code if it has to be added for your calculation method also

regards

nalla

[Former Member]

Hai Nalla,

Thank you for your kind help, actually we have checked the IMG you gave. We found that SAP provide interest calculation method 30/360, 30/365, act/360, act/365, and act/actY. But unfortunately that these interest calculation methods do not suit with our loan. The interest calculation method we would like to use is 31/372. So how can we create this 31/372 ?

Thank you once again.

Best regards,

fr4nk1s

[Former Member]

hai

you can maintain this in

loan types---> conditions and in that the field intrest calculation method u can change it.

while calculating it the system overwrites theINTLO feature.

regards

nalla

[Former Member]

hai

SAp does provide for this you can do it in the company loans

Pay roll-> payroll->india----. company loans

regards

nalla