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Configuring The Interest Calculations Procedure: OB46 - Interest Settlement Calculation Type

This document provides instructions for configuring interest calculations in SAP. It outlines six steps: 1) define payment terms, 2) define interest indicators and calculation type, 3) make the indicator available to the interest run program, 4) create reference interest rates, 5) assign indicators to rates or define time-dependent terms, and 6) assign accounts for interest posting. The configuration allows charging interest on overdue customer accounts by calculating interest on either line items or overall balances.

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Subbarao Bhimani
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690 views2 pages

Configuring The Interest Calculations Procedure: OB46 - Interest Settlement Calculation Type

This document provides instructions for configuring interest calculations in SAP. It outlines six steps: 1) define payment terms, 2) define interest indicators and calculation type, 3) make the indicator available to the interest run program, 4) create reference interest rates, 5) assign indicators to rates or define time-dependent terms, and 6) assign accounts for interest posting. The configuration allows charging interest on overdue customer accounts by calculating interest on either line items or overall balances.

Uploaded by

Subbarao Bhimani
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Configuring the Interest Calculations Procedure

This configuration allows you to charge interest on overdue customer accounts. Interest can be
calculated by using the line items or overall account balances. SAP keep tracks of the date of the
last interest run and stores it in the customer master record.

First create an Interest Indicator.

• OB46 - Interest Settlement Calculation Type

Int Calc. Type


P - calculate interest based on line items.
S - calculate interest based on account balances.
Secornd, make it avaliable to the interest run program.

• OB82 - Interest Terms

Third, determine the interest rate that will be used by the calculation.

• OBAC - Define Reference Interest Rates


• OB83 - Enter the Reference Interest Rates Value

Fourth, assign the interest indicator to the reference interest rate.

• OB81 - Define Time Dependent Terms

Finally, determine the how and to which accounts the interest program will post.

• OBV1 - Prepare Interest on Arrears Calculation

Steps for Calculation of Arrers/Item Interest


Here are steps for interest calculation:

1. Define terms of payments:


T.code: OBB8
path: img ->fin. accting -> AP AR :-> Business transactions :->outgoing invoice and credit memo
:-> maintain terms of payment

2. Define Interest Cal indicators / type:


T.code: ob46
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation global
settings :-> define interest cal types
here in int cal type select 'p' for int cal on line items

3. Make Interest Indicator Available to Interest Run Program:


T.Code: ob82
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation global
settings :-> prepare int. on arreas

4. Create Reference Interest Rate:


T.code: OBAC
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation :-> interest
calculation -> define reference interest rate

5. Assign interest indicators to ref. int rate or define time dependant terms:
T.code: ob81
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation :-> interest
calculation -> define time dependant terms
here in sequnece # always use 1 for line item interest

6. Interest calculation account assignment:


Here we will mention how and which accounts the interest program should post.
T.code: obv1
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation :-> interest
posting -> prepare interest on arreas calculation (customers)

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