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 Processing Insurance Objects with Balance Interest Calculation

Use

The Process Insurance Objects with Balance Interest Calculation transaction (VVO1) transaction bundles functions for insurance objects with balance interest calculation and enables you to perform central processing.

Prerequisites

You have made the settings for balance interest calculation in the Implementation Guide. Choose Start of the navigation path Collections/Disbursements Next navigation step Business Transactions Next navigation step Interest Calculation Next navigation step Balance Interest Calculation End of the navigation path .

Scope of Functions

You access processing by using the insurance object and/or the business partner. The system only accepts insurance objects with balance interest calculation. The input help for the insurance object (F4) only provides insurance objects with balance interest calculation for selection.

You can find the following information and options in the transactions:

Header Data

  • In the transaction header, the system displays the current data from the master data (currency, interest key, base period and base days for interest calculation) that is relevant for interest calculation, in addition to the master data keys and names.

  • You can branch to the display for master data for the insurance object, contract account and business partner.

Deposit Tab Page

  • The deposit balance displays the balance for all actually posted items, the date up to which interest has been posted, and the latest date defined in the master data up to which interest can be calculated.

  • The system displays a list with the insurance objects for which receivables are paid with the deposit contract. The system displays the balance of all actually posted items for the insurance objects, with the net due date for the oldest item in the deposit currency. You can branch to the display for the business partner, insurance object and account balance.

Down Payment Requests/Disbursement Requests Tab Page

The system displays a list of all open down payment requests and disbursement requests that have been posted to the deposit contract, or which are posted due to the payment plan item defined for the insurance object.

Interest Tab Page

  • In the display, you can see the date up to which interest has been posted.

  • Using the specifications in the Interest Calculation to and Total Interest fields, you can determine the interest amount up to this date of issue. In the Interest for Posting field, the system displays which interest amount can be posted, according to the set periodicity.

  • You can calculate and post interest up to a data that you have defined.

  • The system displays a list with the new calculated and posted interest items, and the interest history.

  • You can branch to the interest history.

Currency Change Tab Page

You can execute currency changes for the deposit contract. Unlike for the mass activity (VVOZCURRSW), the system automatically calculates interest online, up to the day before the currency change. Insurance objects for which clarification cases exist, due to postings in a period for which interest calculation has already taken place, are excluded from this. The conditions for a currency change are described in the Currency Changes for Insurance Objects with Balance Interest Calculation section.

Close Tab Page

You can close a deposit contract. In event V085 (sample module VVOZINS3_SAMPLE_V085), you can define your own checks for closing a deposit contract. The following conditions are in force:

  • You can only close a deposit contract if you have calculated interest at least up to the day of closure.

  • No entries are available in the clarification table (VVKKICLARIOB).

  • When closing, transfer post the complete balance for the deposit contract on the day after closure to another insurance object-partner relationship.

The following activities are executed automatically.

  • The interest calculation end is set to the day of closure, in the master data for the deposit contract.

  • Balance interest calculation is executed up to the day of closure.

  • The balance is transfer posted. The old items are cleared by the new ones. You can distribute the balance to multiple insurance objects.

  • A posting lock is set.

    In the Implementation Guide, you can define additional activities that are executed when closing a deposit contract.

The system displays a warning message under the following conditions:

  • The interest calculation end defined in the master data is before the day of closure.

  • Open payment plan items still exist on the insurance object.

Transfer Post Tab Page

You can execute (subledger) transfer postings to other insurance objects, or to the insurance object with balance interest calculation.

Activities

To process insurance objects with balance interest calculation online, choose Start of the navigation path SAP Insurance Next navigation step Collections/Disbursements Next navigation step Account Next navigation step Process Insurance Objects with Balance Interest Calculation End of the navigation path from the SAP Easy Access menu.