Calculating Interest Only on Open/Cleared Items

Use

You can use this option if you want to calculate interest only on open items, or only on cleared items.

Integration

The dunning run only processes open items. Interest is therefore always calculated using the Open Items Only option. This also applies to interest calculation as part of invoicing in the IS-U application.

Features

For item interest calculation, you can use the open items only or cleared items only options. To use these options, set the relevant indicator on the initial screen when posting interest online. To do this, choose one of the following paths:

Roles

Start of the navigation path Process Outstanding Payments Next navigation step (SAP_FI_CA_OUTSTANDING_PAYMENTS) Post Interest End of the navigation path

SAP Menu

Start of the navigation path Account Next navigation step Interest Post End of the navigation path

Set the relevant indicator in the interest parameters when you schedule the interest run.

By choosing the Open Items Only option, you can avoid overdue interest charges for debit items that have already been cleared at the time of interest calculation. This variant is particularly useful if interest is calculated on a regular basis, for example, in a monthly dunning run.

Items that have been split by a partial payment are treated as follows:

The cleared part is not considered for the interest calculation.
Interest is calculated on the open part in the usual way.

By choosing the Cleared Items Only option, you can define that overdue interest charges are only calculated once an item has been cleared completely. This ensures that one source item creates only one interest item posting and one interest notification.

Items that have been split by a partial payment are treated as follows:

The subitems are always considered as a single unit. Interest is only calculated when all items have been cleared at the time of interest calculation.
The system also checks whether the clearing date for all subitems is earlier than the Calculate Interest To date

Example Example

An account contains an open receivable for 100 EUR, due on 01/01. On 01/10, an incoming payment for 50 EUR is posted. There are now two items in the account:

End of the example.

Account

Document number	Subitem	Amount	Due date	Clearing
4711	0001	50 EUR	01/01	-(item open)
4711	0002	50 EUR	01/01	01/10

On 01/11, interest is calculated using the Open Items Only option. No interest is calculated for subitem 0002. For item 0001, interest is calculated for the period 01/01 to 01/11.
On 01/11, interest is calculated using the Cleared Items Only option. No interest is determined for either subitem since the item has not been completely cleared yet.