11/22/2017 Interest

(http://w
ww.sap.c
Products
om/) (https://www.sap.com/products.html)

Industries (https://www.sap.com/industries.html)
Support Support (https://www.sap.com/support.html)

Training (https://www.sap.com/training-certi cation.html)

Community (https://www.sap.com/community.html)

Developer Partner
(https://www.sap.com/developer.html) Partner (https://www.sap.com/partner.html)

About (https://www.sap.com/corporate/en.html)

 

(https://sharedui.services.sap.com/v2/protected.html?ref=https://archive.sap.com/)
Home (https://www.sap.com) / Community (https://www.sap.com/community.html) / Archives (/) / Discussions + Actions
Archive (/discussions) / SAP ERP Financials (/discussions/space/erp/financials)

Archived discussions are read-only. Learn more about SAP Q&A

(https://go.sap.com/community/about/questions-and-answers.html)

Interest
This question is answered

Dear Friends,

My client requirement is the following

He received a loan from Mr.X and interest(Exp) has to be charged on monthly basis to X account.

He Gave a loan to Mr.Y and Interest(Income) has to be charged on monthly basis to Y account.

Which type of Interest calculation i have to use to post Interest for both X and Y?

https://archive.sap.com/discussions/thread/1080730 1/6
11/22/2017 Interest

Can anyone please tell me the config. step wise?

Thanks to all

NMB

(https://people.sap.com/nmb.n)

N.M.B N (https://people.sap.com/nmb.n)
October 14, 2008 at 07:36 AM
0 Likes

Correct Answer

(https://people.sap.com/srinivasa.maruvada)

Srinivasa Maruvada (https://people.sap.com/srinivasa.maruvada) replied October 10, 2008 at 11:50 AM

Hi

DEFINE TIME DEPENDENT TERMS ( OB81 )

SPRO Financial Accounting General Ledger accounting Business transactions Bank Account
Interest calculation Interest calculation Define time dependent terms Select Int type and enter
currency = INR and Effective from = 01.04.2007 and Seq No = 1 (for Cr Items and 2 for Dr items) and
Term = Credit Interest Balance Interest Calculation and Reference Interest rate = A1 and Premium = 0
and Amount from = 0

PREPATE GL ACCOUNT BALANCE INTEREST CALCULATION ( OBV2 )

SPRO Financial Accounting General Ledger accounting Business transactions Bank Account
Interest calculation Prepare GL Account Balance Interest Calculation Select Symbols Check
symbols 0001 (Interest received), 0002 (Interest Paid), 1000 (GL Account earned), 2000 (GL Account
Paid). Select Accounts button Enter Chart of Accounts Enter currency and GL Account for
0001,0002,1000,2000

Cheers

Srinivas

0
View this answer in context (/discussions/message/6334755#6334755)

https://archive.sap.com/discussions/thread/1080730 2/6
11/22/2017 Interest

oking for? View more on this topic (https://go.sap.com/community/tag.html?

43523242285841826221) or

tps://answers.sap.com/questions/ask.html?primaryTagId=648420875567243523242285841826221)

6 replies

(https://people.sap.com/vishnu.g3)
vishnu g (https://people.sap.com/vishnu.g3)replied

October 09, 2008 at 17:02 PM

Hi,

I think U told regarding X and Y are not vendors, if so you can

use S type for Charge interest you can use debit interest and
receive interest you can use credit interest type.

Define interest calculation Type

Prepare Account balance interest calculation

Define reference interest rates

Define time u2013 dependent terms

Enter interest values

Assignment of Accounts for automatic posting

Please let me know if u need to know more.

reg

vishnu

0
likes
(https://people.sap.com/nmb.n)
N.M.B N (https://people.sap.com/nmb.n)replied

October 10, 2008 at 06:18 AM

Dear Vishnu,

How I have to maintain time dependent terms and account

determination?

Can you give a brief explanation with one example?

Thanks

https://archive.sap.com/discussions/thread/1080730 3/6
11/22/2017 Interest

NMB

likes
(https://people.sap.com/nmb.n)
N.M.B N (https://people.sap.com/nmb.n)replied

October 10, 2008 at 07:52 AM

Dear Friends,

How I have to maintain time dependent terms and account

determination?

Can you give a brief explanation with one example?

Thanks

NMB

0
likes
Correct Answer

(https://people.sap.com/srinivasa.maruvada)

Srinivasa Maruvada (https://people.sap.com/srinivasa.maruvada)replied October 10, 2008 at 11:50 AM

Hi

DEFINE TIME DEPENDENT TERMS ( OB81 )

SPRO Financial Accounting General Ledger accounting Business transactions

Bank Account Interest calculation Interest calculation Define time dependent terms
Select Int type and enter currency = INR and Effective from = 01.04.2007 and Seq No = 1
(for Cr Items and 2 for Dr items) and Term = Credit Interest Balance Interest Calculation
and Reference Interest rate = A1 and Premium = 0 and Amount from = 0

PREPATE GL ACCOUNT BALANCE INTEREST CALCULATION ( OBV2 )

SPRO Financial Accounting General Ledger accounting Business transactions

Bank Account Interest calculation Prepare GL Account Balance Interest Calculation
Select Symbols Check symbols 0001 (Interest received), 0002 (Interest Paid), 1000 (GL

https://archive.sap.com/discussions/thread/1080730 4/6
11/22/2017 Interest

Account earned), 2000 (GL Account Paid). Select Accounts button Enter Chart of
Accounts Enter currency and GL Account for 0001,0002,1000,2000

Cheers

Srinivas

0 likes
(https://people.sap.com/nmb.n)
N.M.B N (https://people.sap.com/nmb.n)replied

October 14, 2008 at 07:36 AM

Dear friends,

Thanks to all

NMB

0
likes
(https://people.sap.com/nateshkumar.valmiki)

NateshKumar Valmiki (https://people.sap.com/nateshkumar.valmiki)replied October 10, 2008 at 11:47 AM

hi

create loan accounts

create interst received and interest paid accoutnt

and do the need ful following steps

each and every step should be proprly

Define interest calculation Type

Prepare Account balance interest calculation

Define reference interest rates

Define time u2013 dependent terms

Enter interest values

Assignment of Accounts for automatic posting

https://archive.sap.com/discussions/thread/1080730 5/6
11/22/2017 Interest

sumathi

likes
Share & Follow
(https://www.facebook.com/sapcommunity)
(https://www.youtube.com/c/SAPCommunities)
(https://plus.google.com/+SAPCommunities)
(https://twitter.com/SAPCommunity)
(https://www.linkedin.com/company/sap)
(https://instagram.com/sap/) (http://www.slideshare.net/SAP)

Privacy (http://go.sap.com/about/legal/privacy.html) Terms of Use (http://go.sap.com/corporate/en/legal/terms-of-use.html)

Legal Disclosure (http://go.sap.com/about/legal/impressum.html) Copyright (http://go.sap.com/about/legal/copyright.html)
Trademark (http://go.sap.com/about/legal/trademark.html) Sitemap (http://www.sap.com/sitemap/index.html) Newsletter
(https://go.sap.com/registration/newsletter.html)

https://archive.sap.com/discussions/thread/1080730 6/6