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.

SAP COMMUNITY NETWORK SDN - sdn.sap.com | BPX - bpx.sap.com | BOC - boc.sap.com © 2010 SAP AG

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..sap..........................sdn........................... 17 SAP COMMUNITY NETWORK SDN .............................................................................boc...................................................................................................................................................... 4 Define Time Dependent Terms ......................................................................................................................................................................... 3 Define Interest Calculation Types ......... 7 Posting of Loan Received As Liability (F-02) ..............................Interest Calculation on General Ledger Table of Contents Interest Calculation on General Ledger ......................... 15 Related Content ....... 3 Prepare Account Balance Interest Calculation .....................sap................................................................................com © 2009 SAP AG 2 2 ..............................bpx....................................sap.....................................com | BPX ................................................................................... 6 Define Automatic Posting Account ........................................................................................................................................................................ 16 Disclaimer and Liability Notice .............................................................................. 7 Interest Calculation Runs .................... 5 Creation of G L Accounts (FS00): .................................................................................................................com | BOC .................. 5 Creation of G L Accounts Transaction Code ................................................................ 8 Checking the G/L Balances FBL3N ....................................................................................................................

com | BOC .Loan Interest V is the Standard Interest ID.bpx.sap.sap.Interest Calculation on General Ledger Interest Calculation on General Ledger There are two defined interest calculation types in the SAP System. System defined variant for balance interest calculation type is „S‟ and item interest calculation type is „P‟. 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 Description Path Define Interest Calculation Types SPROFinancial AccountingGeneral Ledger Accounting  Business Transactions Bank Account Interest Calculation Interest Calculation Global Settings Define Interest Calculation Types OB46 Transaction Code ‟08 . SAP COMMUNITY NETWORK SDN . Balance interest calculation. Item interest type calculation is used for vendors and customers. 1. Item interest calculation.com | BPX .sdn.sap. 2.com © 2009 SAP AG 2 3 .boc. Balance interest type calculation is used for G L Accounts. user defined Interest ID we can define as shown below screen shot.

bpx.com | BOC .sap.Interest Calculation on General Ledger Prepare Account Balance Interest Calculation Description Path Prepare Account Balance Interest Calculation SPROFinancial AccountingGeneral Ledger Accounting  Business Transactions Bank Account Interest Calculation Interest Calculation Global Settings Prepare Account Balance Interest Calculation OBAA Transaction Code SAP COMMUNITY NETWORK SDN .boc.com | BPX .sdn.sap.sap.com © 2009 SAP AG 2 4 .

sap.sap.boc.sdn.com | BOC . Go to new entries. SAP COMMUNITY NETWORK SDN .Code:OBD4 to create secured loans account group.com | BPX . Chart of accounts a/c group name from account to account SAP SELO SAP INTR Secured loans 100300 100399 Interest 400100 400199 & Save.com © 2009 SAP AG 2 5 .Interest Calculation on General Ledger Define Time Dependent Terms Description Path Define Time Dependent Terms SPROFinancial AccountingGeneral Ledger Accounting  Business Transactions Bank Account Interest Calculation Interest Calculation Define Time-Dependent Terms OB81 Transaction Code Creation of G L Accounts Transaction Code Go to T.sap.bpx.

Select only balances in local currencies Select line item display Sort key: 002 Select create/bank/interest tab Field status group: G001 & Save.sdn.sap.com | BPX .Interest Calculation on General Ledger 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 the required Interest Calculation Indicator Select create/bank/interest tab Field status group: G005 Select relevant to cash flow Interest calculation indicator: 08 & Save.bpx.boc. 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.sap.com | BOC .com © 2009 SAP AG 2 6 .sap. SAP COMMUNITY NETWORK SDN .

sdn.boc.com | BOC .General Posting F-02 Give document date: 01.01. Posting of Loan Received As Liability (F-02) Description Path Transaction Code Posting the Loan received in FI AccountingFinancial AccountingGeneral LedgerPostingF-02 .01.com © 2009 SAP AG 2 7 .bpx.Interest Calculation on General Ledger Define Automatic Posting Account Description Path Define Automatic Posting Account SPROFinancial AccountingGeneral Ledger Accounting  Business Transactions Bank Account Interest Calculation Interest Posting  Prepare GL Account Balance Interest Calculation OBV2 Transaction Code 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.sap.sap.sap.com | BPX .2011 Type: SA Company code: XXXX Currency: INR Posting key: 40 G L Account: 307(Bank) SAP COMMUNITY NETWORK SDN .2011 Posting date: 01.

com | BOC .sap.boc.Interest Calculation on General Ledger Enter Amount: 100000 Business area: XXXX Value date: 01.sap.01. Interest Calculation Runs Description Path Balance Interest Calculation Run Accounting Financial Accounting General Ledger Periodic Processing Interest Calculation F.Balance Interest Calculation F.52 Transaction Code 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) SAP COMMUNITY NETWORK SDN .52 .2011 Text: Loan received Posting key: 50 G L Account: 100307(bank of Baroda O D account) Enter Amount: * Business area: XXXX Text: + & Save.com © 2009 SAP AG 2 8 .com | BPX .sap.bpx.sdn.

boc.bpx.sdn.Interest Calculation on General Ledger Click on Go to system on menu bar.sap.sap.sap.com © 2009 SAP AG 2 9 .com | BPX . Select services SAP COMMUNITY NETWORK SDN .com | BOC .

Interest Calculation on General Ledger Select batch input Select sessions Select RFSZIS00 Click on SAP COMMUNITY NETWORK SDN .bpx.sdn.sap.sap.com | BOC .com | BPX .boc.sap.com © 2009 SAP AG 2 10 .

com | BOC .sap.Interest Calculation on General Ledger Select process/foreground Click on Press Enter SAP COMMUNITY NETWORK SDN .boc.sap.bpx.sdn.sap.com © 2009 SAP AG 2 11 .com | BPX .

Interest Calculation on General Ledger Press Enter.bpx.sdn.sap.com © 2009 SAP AG 2 12 . Press Enter SAP COMMUNITY NETWORK SDN .sap.boc.sap.com | BOC .com | BPX .

sap.sap.Interest Calculation on General Ledger Press Enter twice Press Enter SAP COMMUNITY NETWORK SDN .bpx.com © 2009 SAP AG 2 13 .sdn.com | BOC .boc.sap.com | BPX .

com © 2009 SAP AG 2 14 .sap.sap.com | BOC . Click on The system gives the message: “processing of batch input Session completed”.com | BPX . View interest calculation of General ledger Accounts Transaction Code (FBL3n) SAP COMMUNITY NETWORK SDN .sap.sdn.bpx.Interest Calculation on General Ledger Enter.boc.

com | BPX .com © 2009 SAP AG 2 15 .com | BOC .sap.boc.bpx.sdn.sap.Interest Calculation on General Ledger Checking the G/L Balances FBL3N Description Path Balance Interest Calculation Run AccountingFinancial AccountingGeneral LedgerAccount FBL3N Display/Change Line Items FBL3N Transaction Code Loan A/c Interest A/C Click on After interest calculation.sap. interest amount posted in the respective G/L SAP COMMUNITY NETWORK SDN .

sap.com | BOC .jspa?threadID=765262 For more information. visit the Enterprise Resource Planning homepage SAP COMMUNITY NETWORK SDN .bpx.com | BPX .Interest Calculation on General Ledger Related Content Running the Interest Calculation Program http://forums.sap.com © 2009 SAP AG 2 16 .boc.sap.sdn.com/thread.sdn.sdn.sap.jspa?threadID=1815862 http://forums.com/thread.sap.

com | BOC .com | BPX . SAP responsible or liable with respect to the content of this document. SAP will not be held liable for any damages caused by using or misusing the information.sap.sap. code or methods suggested in this document. 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.sap.com © 2009 SAP AG 2 17 .Interest Calculation on General Ledger 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. including any liability resulting from incompatibility between the content within this document and the materials and services offered by SAP.bpx. SAP COMMUNITY NETWORK SDN . You agree that you will not hold. and anyone using these methods does so at his/her own risk. Changes made based on this information are not supported and can be overwritten during an upgrade.sdn.boc. or seek to hold.

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