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Accounts Receivable Penalties and Interest calculation on overdue items - FINT

Former Member
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Hello All,

I want to post penalty and interest on customer overdue items at an item level. I am able to post the interest using FINT; but i am unable to compute penalty; please find the detailed requirement below

As soon as an item is overdue;

Compute a penalty of $20 or 10% which ever is greater

Compute simple interest of 5% on Principal amount + Penalty.

As i mentioned; I am able to compute 5% interest on the principal amount, but i dont see any customizing to add the fixed penalty.

Can this be acheived by standard SAP or do i need to build some custom logic?

Regards,

Shilpa

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Answers (1)

Answers (1)

Former Member
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Hello All,

Just FYI, there is no standard functionality in FI-AR that accomodates this, we are using a BADI to accomplish this.

Thanks

Shilpa

former_member313549
Participant
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Shilpa,

We have a requirement to charge the customer a late fee for an over due item. Any guidance on how to achieve this would greatly appreciated.

Thanks,

Chandra