Loan taken from banks and Fixed deposit scenerios

[Former Member]

Dear experts,

Please guide me, i have two Scenarios,

1. My client have fixed deposits in bank - how to configure in sap

2. loan taken from bank - when i repayment the loan amount it should deducted from my loan principle amont in the this process what is role of my house banks. what entries should make, how to calculate interest on loan -- how to configure this Scenario in sap

please guide me

Regards

Chandu

[Former Member]

Chandu,

Although it has been a while, still think that this answer can be usefull for you.

For loans taken I actualy would be using the Loans Management module, where you can automatically configure interest calculations and repayments. If you have any questions relating to this mather just let me know.

For deposits, it is not clear what you want to achieve, but maybe you could be using deposit management or some adjustments in BCA (Bank customer account).

Both modules have been used in the Banking branche, but can be used for your requirements.

Best Regards!

[Former Member]

thans to all

Regards

Chandu

[Former Member]

Hi Chandu,

I have same business process please proved me what we done is system.

Please help me.

Thanks & Regards,

Juhi

[Former Member]

Hello Chandu,

There are a lot of configurations needed if you want to realize both scenarios you mentioned with SAP standard function in Money Market and Loan. Therefore, if there are only, say less that five loans or fixed term deposit transactions within one year, I would prefer to book the transacations manually with F-02.

if you need a hint, I can provide you later.

Best Regards,

[Former Member]

Dear Rebe Z

Please provide the process, it will be more help to me

Regards

chandu

[Former Member]

Hi Chandu,

A loan with a bank is no different from an Asset creation process albeit this will NOT be within the Asset A/c module of SAP.

I am assuming that you have SAP FI/CO - in that case you may look at a few options to meet this process:

1. Post an accounting entry creating an asset (FB50) - dr loans held (asset a/c on your BL) and cr cash. (Note your customer ie your bank in the description field etc for record purposes or mention the loan #, a/c etc)

else

2. Post a customer receivable via FB70 with your bank as the customer and ensure that your payment terms match the maturity of the loan. (Post a FB70 with a debit to customer, credit cash etc (you get the idea - hit an asset a/c on the credit side as well)

When its time to collect principal or interest or whatever, if you use 1) - post a journal entry again to offset this posting and post interest as income gained and in case if you use 2) post collection.

with 2) you may need to pass a journal entry for interest collected as a separate line item.

Hope this helps,

Thanks