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.
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Interest Calculation on General Ledger
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
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Interest Calculation on General Ledger
Interest Calculation on General Ledger
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 Description Path Define Interest Calculation Types SPROFinancial AccountingGeneral Ledger Accounting Business Transactions Bank Account Interest Calculation Interest Calculation Global Settings Define Interest Calculation Types OB46
Transaction Code
08 - Loan Interest V is the Standard Interest ID, user defined Interest ID we can define as shown below screen shot.
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Interest Calculation on General Ledger
Prepare Account Balance Interest Calculation Description Path Prepare Account Balance Interest Calculation SPROFinancial AccountingGeneral Ledger Accounting Business Transactions Bank Account Interest Calculation Interest Calculation Global Settings Prepare Account Balance Interest Calculation OBAA
Transaction Code
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Interest Calculation on General Ledger
Define Time Dependent Terms Description Path Define Time Dependent Terms SPROFinancial AccountingGeneral 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.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 SAP INTR Secured loans 100300 100399 Interest 400100 400199
& Save.
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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.
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.
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Interest Calculation on General Ledger
Define Automatic Posting Account Description Path Define Automatic Posting Account SPROFinancial AccountingGeneral 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. Posting of Loan Received As Liability (F-02) Description Path Transaction Code Posting the Loan received in FI AccountingFinancial AccountingGeneral LedgerPostingF-02 - General Posting 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)
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Interest Calculation on General Ledger
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
Description Path Balance Interest Calculation Run Accounting Financial Accounting General Ledger Periodic Processing Interest Calculation F.52 - 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)
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Interest Calculation on General Ledger
Click on
Go to system on menu bar. Select services
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Interest Calculation on General Ledger
Select batch input Select sessions
Select RFSZIS00 Click on
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Interest Calculation on General Ledger
Select process/foreground Click on
Press Enter
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Interest Calculation on General Ledger
Press Enter.
Press Enter
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Interest Calculation on General Ledger
Press Enter twice
Press Enter
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Interest Calculation on General Ledger
Enter.
Click on 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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Interest Calculation on General Ledger
Checking the G/L Balances FBL3N
Description Path Balance Interest Calculation Run AccountingFinancial AccountingGeneral LedgerAccount FBL3N Display/Change Line Items FBL3N
Transaction Code
Loan A/c
Interest A/C
Click on
After interest calculation, interest amount posted in the respective G/L
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Interest Calculation on General Ledger
Related Content
Running the Interest Calculation Program http://forums.sdn.sap.com/thread.jspa?threadID=1815862 http://forums.sdn.sap.com/thread.jspa?threadID=765262 For more information, visit the Enterprise Resource Planning homepage
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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. 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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