Interest Calculation on Customer Arrears_SF

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Interest calculation on customer arrears

Contents Introduction .................................................................................................................................................. 4 1. Master Data.............................................................................................................................................. 5 1.1 Interest rates ....................................................................................................................................... 5 1.2 Interest indicator in customer master ................................................................................................ 9 2. Item Interest Calculation (FINT) .............................................................................................................. 11 3. Displaying or Reversing the Interest Run (FINTSHOW)........................................................................... 25


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Introduction Business requires interest to be calculated on customers who do not pay on time. In this document we explain the new transaction codes available to calculate Interest on Customers and print Debit notes. Transaction code available for displaying interest runs, reprinting a debit note or reversing the interest run.


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1. Master Data

1.1 Interest rates

SAP menu  Accounting  Financial AccountingAccounts Receivable Environment Current Settings S_ALR_87002510 - Enter Time Interest Terms

Click on


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Update the following:-

Click


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Double click on

The interest rate is updated in the field premium.


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After changing the interest rate, click on save button.

1.2 Interest indicator in customer master

SAP menu  Accounting  Financial AccountingAccounts Receivable Master Records FD02 Change Interest indicator Z1 to be updated in customer master as shown below:-


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2. Item Interest Calculation (FINT) SAP menu  Accounting  Accounts Receivable  Periodic Processing  Interest Calculation  Item Interest Calculation  FINT - Item Interest Calculation Or Transaction code: FINT Update the following:-


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Scroll down and update the following:-


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Click


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Various icons are shown below:-

- Process form for selected Interest item - Process form all Interest items - Form Preview

- Form Overview

- Error log

- Details for all items

Click

to process interest for all items


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The debit note will be generated as a spool.

Go to transaction code SP02

Click on


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The accounting document is generated online.

To check the accounting document proceed as follows:-

SAP menu  Accounting  Accounts Receivable  Periodic Processing  Interest Calculation  Item Interest Calculation  FINTSHOW - Interest Run Display


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Click


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3. Displaying or Reversing the Interest Run (FINTSHOW) SAP menu  Accounting  Accounts Receivable  Periodic Processing  Interest Calculation  Item Interest Calculation  FINTSHOW - Interest Run Display Transaction code: FINTSHOW This report can be used to display interest runs that have been performed. Further you can also use this report to:1) Reprint letters for individual interest runs 2) Reverse interest runs


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Scroll down


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Select

Click


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In case you want to reprint the debit note.

Select


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Then click on Reprinting icon


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Select

Click


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Click

to continue


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Check in Spool


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Scroll down

Click on the Print icon Click back

In case you want to reverse the posting select the document


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Click


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Click



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Click Reverse as shown below:-


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Reversal of interest document is posted.


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Note: We need to reverse the run data although we have reversed the interest accounting document. Hence to delete the interest data completely we need to go back to main screen and again run reversal

Click


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Notice that the interest amount is 0 USD now. Select the document

Click on


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Click


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The interest run data is deleted now


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Interest Calculation on Customer Arrears_SF

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