ARREARS INTEREST

Define Interest Calculation Type : OB46

SPRO  SAP Ref img  Financial Accounting  Account Receivable and Payable  Business
Transaction  Interest Calculation  Interest Calculation Global Settings  Define Interest
Calculation types

 Give Interest ID, Name and Interest calculation Type (P- Item interest Calculation)

Create Number range interval for Interest Calculation : FBN1

 Create Number range interval for Number range 70

Prepare interest on Arrears Calculation : OB82

SPRO  SAP Ref img  Financial Accounting  Account Receivable and Payable  Business
Transaction  Interest Calculation  Interest Calculation Global Settings  Prepare interest on
Arrears Calculation

 Give Interest calculation Indicator (Created earlier)

 Calendar Type (G),and Number range

Define Reference Interest Rate : OBAC

SPRO  SAP Ref img  Financial Accounting  Account Receivable and Payable  Business
Transaction  Interest Calculation  Interest Calculation  Define Reference Interest Rate

 Give a code for Ref int Rate (Maximum 6 Digit)

 Date from and Currency

Define Time Based Terms : OB81

SPRO  SAP Ref img  Financial Accounting  Account Receivable and Payable  Business
Transaction  Interest Calculation  Interest Calculation  Define Time based Terms

 Give Int. Calc. indicator (Created Earlier)

 Give currency and Effective from
 Seq. No. 01 :- Credit Interest: Arrears interest calculation
 Select Reference interest rate and Save
 Seq. No. 02 :- Debit Interest: Arrears interest calculation
Enter Interest Values : OB83

SPRO  SAP Ref img  Financial Accounting  Account Receivable and Payable  Business
Transaction  Interest Calculation  Interest Calculation  Enter Interest Values

 Give Ref Int. Rate (Created Earlier)

 Select Validity Start and Percentage of Interest

AR Calculation of Interest on Arrears : OBV1

SPRO  SAP Ref img  Financial Accounting  Account Receivable and Payable  Business
Transaction  Interest Calculation  Interest Posting  A/R: Calculation of Interest on Arrears

 Select Create Button

 Give Business Transaction (1000), Company Code, Interest Indicator (Created Earlier) and
Business Area
 Debit:- PK (01) and Account Symbol (1000- Customer Posting)
 Credit:- PK (50) and Account Symbol (0001-Interrest Received)
 Click on Accounts
 A/c Symbol (0001), Currency and GL account (Interest Received Account)
 A/c Symbol (1000), Currency and GL Account (++++++++++)

Imp: Assign Interest ID to Customer

Assign Form for Interest Calculation : OB84

SPRO  SAP Ref img  Financial Accounting  Account Receivable and Payable  Business
Transaction  Interest Calculation  Print  Assign Form for Interest Calculation

 Give Interest Indicator (Created Earlier), Company Code and Form Code (F_DUZI_01)

Execute Interest : F.24

Accounting  Financial Accounting  Accounts Receivable  Periodic Processing  Interest

Calculation  Arrears Interest  Free Selection

 Select Customer, Company Code

 Calculation Period
 Tick (Include Date of last int. Calc., Calc. int. from net due date, Display Interest rate changes,
Print interest rate table, Business area allocation)
 Tick Post Interest Settlement

Process created batch input Session