Interest Calculation in SAP – SAP
Interest Calculation
Configuration
Interest calculation configuration can be done by two methods i.e
Interest calculation on account balances and Interest calculation
on areas.
Interest calculation configuration steps
Step 1: – Define the interest calculation procedure
Step 2: – Prepare account balance interest calculation
Step 3: – Define reference interest rates
Step 4: – Define Time based terms
Step 5: – Enter interest values
Step 6: – Create G/L Accounts
Step 7: – Prepare G/L account balances interest calculation
configuration procedure
The following steps describe the calculation of interest.
Step 1: – Define the interest calculation procedure
SAP IMG Path: – SPRO > Financial Accounting > Accounts
Receivable & Accounts Payable >Business Transactions >
Interest Calculation > Interest Calculation Global Settings >
Define Interest Calculation Types
Transaction Code: – OB46
Click on “new entries” and update the following entries
:
1. Enter your interest indicator in the Int ID field
2. Enter a description of your interest indicator
3. Select interest calculation type .i.e Balance interest calculation
type or item interest calculation type
Click on the save icon to save the configured data.
Step 2: – Prepare account balance interest calculation
IMG Path: – SPRO > Financial Accounting > Accounts
Receivable & Accounts Payable >Business Transactions >
Interest Calculation > Interest Calculation Global Settings >
Prepare Account Balance Interest Calculation
Transaction code: – OBAA
Click on new entries and update the following entries
Enter your interest calculation indicator
Update the period determination i.e interest calculation
frequency and settlement day
Select appropriate calendar type (B- 30/360, G – 28,…,31/365)
Select output control for printing form and terms of payment for
posting
:
Step 3: – Define reference interest rates
Path: SPRO > Financial Accounting > Accounts Receivable &
Accounts Payable >Business Transactions > Interest Calculation
> Interest Calculation > Define Reference Interest Rates
Transaction Code: – OBAC
Click on new entries and maintain the following entries
Enter your reference interest rate key, long text, Description, date
from, valid currency of ref.int. rate.
:
Click on the save icon to save the data.
Step 4: – Define Time based terms
Path: SPRO > Financial Accounting > Accounts Receivable &
Accounts Payable >Business Transactions > Interest Calculation
> Interest Calculation > Define Time-Based Terms.
Transaction Code: – OB81
Choose new entries and update the following entries
Enter your interest calculation indicator key in the
int.cal.indicator field
Update the fields currency key, Eff. from, sequential number
Select the transaction type from the list
Enter the Reference interest rate (Check step 3)
:
Choose the save button to save the data.
Step 5: – Enter interest values
SPRO > SAP Reference IMG (F5) > Financial Accounting > Accounts
Receivable & Accounts Payable >Business Transactions > Interest
Calculation > Interest Calculation > Enter Interest Values.
Transaction Code: – OB83
Enter the reference interest rate key in the reference field
Update the valid from and interest rate percentage
:
Click on the save icon to save the data.
Step 6: – Create G/L Accounts
Path: – IMG > Financial accounting > G/L Accounting > G/L Accounts
> Master Data–> Preparations > GL Account Creation and
Processing > Edit G/L Account
Transaction Code: Fs00
Create G/L accounts for Term loans, Interest paid, Interest received,
loan
Step 7: – Prepare G/L account balances interest calculation
procedure
SAP IMG Path: –
SPRO > Financial Accounting > General Ledger Accounting >
Business Transactions > Bank Account Interest Calculation > Interest
Posting > Prepare G/L Account Balance Interest Calculation
Transaction Code: – OBV2
Click on the Accounts button and enter the chart of accounts
key and press enter to continue
Update the account symbols in the Acct symbol field, G/L Accounts
as shown below. After updating the required data click on posting
specs
:
Click on the posting specs button, then select the edit option and
then click on create button and update the following information
Click on the save icon to save the configured data. Successfully you
have configured interest calculation in SAP.
:
