Interest calculation in system

[Former Member]

Hi All,

Here i had done configuration for interest calculation in the system with new g/l creation for interest calculation.

I want to calculate interest on demanded amount i.e the billed amount, interest should be calculated after 20 days of

delay payments on the demand amount with say 5%.

say an e.g 1) if 100 is billed amt and if the received amt comes after 20 days then 5% interest is calculated on billed amt(100).

2) If 100 is the billed amt and received is 80 before due date interest should be calculated on 20 Rs i.e remaing balance amount.

Please help me with valuable solutions.

Regards,

yogesh

[od_manikandan · Accepted solution]

Hai Yogesh,

SAP interest calculation works similar to the scenario\

T CODE: FINT and FINTSHOW

it works with the Payment terms of the customers.

T CODE : OBB8

Create a Payment terms ZZ20

Term - Blank

Percentage - blank

Days - 20

Now when a invoice is prepared on 1st the due date will become 21.

If payment is received or entered in system on 25th

Ask FI consultant to maintain 5 % for interest charges.

Now RUN FINT with a Test RUN tick mark.

You can find for 5 day ineterest os calculated.

If you remove TEST RUN tick mark and execute it will get updated in FBL5N.

Regards,

Mani

[Former Member · Accepted solution]

Hi,

This is not the solution as i had done already config for rate percentage in system ,i want to relate the demanded amount with received amount so that interest should be calculated.

hope you understand the thing.

Regards,

Yogesh