| TC |
Description and Path |
Important Fields (Example data for reference only) |
| OB46 |
Define Interest Calculation
Types (Rate & Method)
IMG -> Financial Accounting -> General Ledger Accounting
-> Business Transactions -> Bank Account Interest Calculation -> Interest
Calculation Global Settings -> Define Interest Calculation Types |
| INT ID |
NAME |
TYPE |
| MA |
10% |
S |
|
| OBAA |
Prepare Account Balance Interest
Calculation
IMG -> Financial Accounting -> General Ledger Accounting
-> Business Transactions -> Bank Account Interest Calculation -> Interest
Calculation Global Settings -> Prepare Account Balance Interest Calculation |
Select New Entries
| Interest Indicator |
MA |
| Interest Calculation Frequency |
1(month) |
| Settlement Day |
1(st of every month) |
| Calendar Type |
G (28,.., 31/365) |
Select B Balance Plus interest in the output Report
Save |
| OBAC |
Define Reference Interest Rates
IMG -> Financial Accounting -> General Ledger Accounting
-> Business Transactions -> Bank Account Interest Calculation -> Interest
Calculation -> Define Reference Interest Rates |
Select New Entries
| Reference |
Long text |
Effect From |
Currency |
| MBDL_10.00 |
MBDL Int 10.00% |
01.04.94 |
INR |
| MBDL_8.00 |
MBDL Int 8.00% |
01.04.94 |
INR |
Save |
| OB81 |
Define Time Dependent Terms
IMG -> Financial Accounting -> General Ledger Accounting
-> Business Transactions -> Bank Account Interest Calculation -> Interest
Calculation -> Define Time Dependent Terms |
SELECT NEW ENTRIES
Int.
Ind. |
Cur |
Valid from |
Seq
No. |
Long text |
Ref. Interest Indicator |
| MA |
INR |
01.04.94 |
1 |
Credit interest: balance interest calc. |
MBDL_10.00 |
| MA |
INR |
01.04.94 |
2 |
Debit interest: balance interest calc. |
MBDL_10.00 |
| MA |
INR |
01.04.94 |
3 |
Credit interest: arrears interest calc. |
MBDL_10.00 |
| MA |
INR |
01.04.94 |
4 |
Debit interest: arrears interest calc. |
MBDL_10.00 |
|
| OB83 |
Enter Interest Values
IMG -> Financial Accounting -> General Ledger Accounting
-> Business Transactions -> Bank Account Interest Calculation -> Interest
Calculation -> Enter Interest Values |
You can make new entries and/or change or delete existing
entries. You can use the functions "Copy as", "Undo change", and "Position"
to help you make your entries.
Activities:
In the view "Reference Interest Rate Values: Overview",
all the existing reference interest rates are shown in a four-column table. |
| OBV2 |
Define Automatic Postings Account
IMG -> Financial Accounting -> General Ledger Accounting
-> Business Transactions -> Bank Account Interest Calculation -> Interest
Posting -> Prepare G/L Account Balance Interest Calculation |
a) Interest Account Dr -> Interest
Paid -> 0002
To SBI Term Loan Account -> GL Account Paid -> 2000
b) Deposit Account A/c -> GL Account
Earnedà1000
To Interest Received Account -> 0001
Select Symbol Button,
Keep the cursor on any of the above codes and select
A/cs
Chart of Accounts-MBDL |
| F.52 |
Interest Calculation Run
Accounting -> Financial Accounting -> General Ledger
-> Periodic Processing -> Interest Calculations -> Balances |
Give Loan Account No
Give Company Code
Calculation Period 01.04.2094 to 31.03.2095
Then Execute
To See Item wise Interest Calculation
Select Back 3 times
Select Additional Balance Line
Execute. |
| OB83 |
Giving Effect to Floating Rate
of Interest
SPRO -> Financial Accounting -> General Ledgerà
Business Transactions -> Bank Interest Calculation -> Interest Calculations
-> Enter Interest Values |
|