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Loan interest calculation

Former Member
0 Kudos

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

Accepted Solutions (0)

Answers (1)

Answers (1)

Former Member
0 Kudos

Hi,

In treasury, you can map the loans through money market if it is not that complex. There you can maintain the principle and the interest amount. On that date you can post it to accounting. The interest frequency can be according to your requirement as monthly, weekly, yearly etc.

You can get more info on the SAP help site about the money market inside Financial Supply Chain management - Treasury Transaction Manager.

Regards,

Ravi