Interest Document
Definition
Document in Contract Accounts Receivable and Payable that arises as part of interest posting.
Use
An interest document is generated when interest is posted. Posting interest is integrated into some business transactions.
In addition to the usual document data, an interest document also contains information about the basis of interest posting. This information is contained in the interest schedule. The schedule shows the items for which interest was calculated for which amounts at which interval. The interest key is retained in the interest schedule. This allows you to find out which factors were valid for interest calculation and posting.
Caution
If the system settings for the interest calculation rule or for the interest rule are changed at a later time, you will no longer be able to retrace interest calculation using the interest schedule.
Structure
An interest document includes the structures of a document in Contract Accounts Receivable and Payable: document header, line items and general ledger (G/L) items. An interest schedule (in the sense of an appendix or supplement) is also created for interest documents.