Interest Calculation on General Ledger - SAP · PDF file... of Interest Calculation SAP ECC...

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Interest Calculation on General

Ledger

Applies to:

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.

https://www.sdn.sap.com/irj/sdn/bpx-erp


Interest Calculation on General Ledger

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Table of Contents

Interest Calculation on General Ledger .............................................................................................................. 3

Define Interest Calculation Types ................................................................................................................... 3

Prepare Account Balance Interest Calculation ............................................................................................... 4

Define Time Dependent Terms ....................................................................................................................... 5

Creation of G L Accounts Transaction Code .................................................................................................. 5

Creation of G L Accounts (FS00): ................................................................................................................... 6

Define Automatic Posting Account .................................................................................................................. 7

Posting of Loan Received As Liability (F-02) .................................................................................................. 7

Interest Calculation Runs .................................................................................................................................... 8

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

Transaction Code

OB46



Prepare Account Balance Interest Calculation

Description Prepare Account Balance Interest Calculation

Path SPROFinancial AccountingGeneral Ledger Accounting Business Transactions Bank Account Interest Calculation Interest Calculation Global Settings Prepare Account Balance Interest Calculation

Transaction Code

OBAA



Define Time Dependent Terms

Creation of G L Accounts Transaction Code

Go to T.Code:OBD4 to create secured loans account group. Go to new entries. Chart of accounts a/c group name from account to account

SAP SELO Secured loans 100300 100399

SAP INTR Interest 400100 400199

& Save.

Description Define Time Dependent Terms

Path SPROFinancial AccountingGeneral Ledger Accounting Business Transactions Bank Account Interest Calculation Interest Calculation Define Time-Dependent Terms

Transaction Code

OB81



Creation of G L Accounts (FS00):

G L A/C no: 100307

Company code: XXXX

Select create button

Account group: Secured loans

Select balance sheet account

Short text: SBI Loan

Long text: SBI Loan Account

Select control data tab

Select only balances in local currencies

Select line item display

Sort key: 002

Select create/bank/interest tab

Field status group: G005

Select relevant to cash flow

Interest calculation indicator: 08

& Save.

Give G L A/C no: 400106

Company code: XXXX

Select create button

Account group: interest

Select profit and loss account

Short text: interest on O D Account

Long text: interest on O D Account

Select control data tab.

Select only balances in local currencies

Select line item display

Sort key: 002

Select create/bank/interest tab

Field status group: G001

& Save.

Select the required Interest Calculation Indicator



Define Automatic Posting Account

Go to accounts

Chart of accounts: XXXX

A/C symbol currency G L A/C

0002 INR 400106(interest on o d account)

2000 INR 100306(I B o d account)

& Save.

Posting of Loan Received As Liability (F-02)

Give document date: 01.01.2011

Posting date: 01.01.2011

Type: SA

Company code: XXXX

Currency: INR

Posting key: 40

G L Account: 307(Bank)

Description Define Automatic Posting Account

Path SPROFinancial AccountingGeneral Ledger Accounting Business Transactions Bank Account Interest Calculation Interest Posting Prepare GL Account Balance Interest Calculation

Transaction Code

OBV2

Description Posting the Loan received in FI

Path AccountingFinancial AccountingGeneral LedgerPostingF-02 - General Posting

Transaction Code

F-02



Enter

Amount: 100000

Business area: XXXX

Value date: 01.01.2011

Text: Loan received

Posting key: 50

G L Account: 100307(bank of Baroda O D account)

Enter

Amount: *

Business area: XXXX

Text: +

& Save.

Interest Calculation Runs

Accounting/financial accounting/general ledger/periodic processing/interest calculation/balances

Give chart of accounts: SAP

G L A/C no: 100307(bank o d account)

Description Balance Interest Calculation Run

Path Accounting Financial Accounting General Ledger Periodic Processing Interest Calculation F.52 - Balance Interest Calculation

Transaction Code

F.52



Click on

Go to system on menu bar.

Select services



Select batch input

Select sessions

Select RFSZIS00

Click on



Select process/foreground

Click on

Press Enter



Press Enter.

Press Enter



Press Enter twice

Press Enter



Enter.

Click on

The system gives the message: “processing of batch input Session completed”; View interest calculation of General ledger Accounts Transaction Code (FBL3n)



Checking the G/L Balances FBL3N

Click on

Description Balance Interest Calculation Run

Path AccountingFinancial AccountingGeneral LedgerAccount FBL3N - Display/Change Line Items

Transaction Code

FBL3N

Loan A/c

Interest A/C

After interest calculation, interest amount posted in the respective G/L



Related Content

Running the Interest Calculation Program

http://forums.sdn.sap.com/thread.jspa?threadID=1815862


For more information, visit the Enterprise Resource Planning homepage

http://help.sap.com/saphelp_46c/helpdata/en/c7/a8941143dd11d182b30000e829fbfe/frameset.htm






Disclaimer and Liability Notice

This document may discuss sample coding or other information that does not include SAP official interfaces and therefore is not supported by SAP. Changes made based on this information are not supported and can be overwritten during an upgrade.

SAP will not be held liable for any damages caused by using or misusing the information, code or methods suggested in this document, and anyone using these methods does so at his/her own risk.

SAP offers no guarantees and assumes no responsibility or liability of any type with respect to the content of this technical article or code sample, including any liability resulting from incompatibility between the content within this document and the materials and services offered by SAP. You agree that you will not hold, or seek to hold, SAP responsible or liable with respect to the content of this document.

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