Interest Calculation on General Ledger - SAP · PDF file... of Interest Calculation SAP ECC 6.0 version for SAP FI ... interest calculation of General ledger ... Interest Calculation
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Below configuration is based on SAP ECC 6.0. For more information, visit the Enterprise Resource Planning homepage
Summary
This article drives you with the simple process of Interest Calculation SAP ECC 6.0 version for SAP FI/C0 (Finance & Controlling) Module. Here we are going through Interest Calculation on General Ledger Procedure & its process.
Author: Praveen Chirakkel
Company: Applexus Technologies (P) Ltd.
Created on: 13 June 2011
Author Bio
Praveen Chirakkel is working as SAP Functional Consultant with Applexus Technologies (P) Ltd. He had 3 plus year experience in SAP FI/CO.
Interest Calculation on General Ledger .............................................................................................................. 3
Checking the G/L Balances FBL3N .................................................................................................................. 15
Related Content ................................................................................................................................................ 16
Disclaimer and Liability Notice .......................................................................................................................... 17
There are two defined interest calculation types in the SAP System.
1. Balance interest calculation.
2. Item interest calculation.
System defined variant for balance interest calculation type is „S‟ and item interest calculation type is „P‟. Balance interest type calculation is used for G L Accounts. Item interest type calculation is used for vendors and customers.
The following steps are involved in interest calculation:
Define Interest Calculation Types
Prepare Account Balance Interest Balance
Define Time Dependent Terms
Creation of G/L Account
Define Automatic Posting Account
Interest Posting Run
Define Interest Calculation Types
‟08 - Loan Interest V is the Standard Interest ID, user defined Interest ID we can define as shown below screen shot.
Description Define Interest Calculation Types
Path SPROFinancial AccountingGeneral Ledger Accounting Business Transactions Bank Account Interest Calculation Interest Calculation Global Settings Define Interest Calculation Types
The system gives the message: “processing of batch input Session completed”; View interest calculation of General ledger Accounts Transaction Code (FBL3n)
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