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Former Member
Jun 30, 2011 at 08:18 AM

Loan interest calculation


Hi all experts,

Can SAP calculate interest for foreign loan automatically and disburese interest once a year?

Can we configure interest rate in system, then SAP will do booking automatically both in FCY and local currency every month?

accounting entry:

interest expense/Dr

other payable/Cr

When the interest need to be paid, SAP summarize amount in other payable account, and disburse via F110(once a year)?

accounting entry:

other payable/Dr

bank account/Cr

Or should all of above entry be done by manual journal voucher?

Edited by: Bonnie-CN on Jun 30, 2011 10:46 AM