Hi Ivor,
The Interest rate that you have configured is against a monthly interval.
So ideally the interest rate for calculation would 0,01*12=0,1201 per annum (non-compounded equivalent)
Hence the interest calculation would have been 2*0,1201*(67/365) = 0,044
Can you check if the interest rate has any premium part or not which may be adding up to the interest rate for the calculation part;
Thanks,
Amlan
Hi Amlan,
Thanks a lot for the prompt response.
When you say "ideally", do you mean based on my configuration, the calculation you have shown is how SAP should make the calculation?
Please clarify.
Also, I double-checked the Premium configuration - there is no premium configured.
Please let me know if you have other suggestions.
Thanks in advance.
Regards,
Ivor
Hi Amlan,
I think the problem was solved by disabling the "Calculate Interest per day".
Because of the small amounts (some of them down to 4th decimal places) some interest calculation per day was zero (we have 3 decimal places in this implementation).
It looks like its calculating correctly now. I'll let you know if there's anything else to share.
Thanks a lot for your help.
Regards,
Ivor
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