For balance interest calculation, a balance is formed from all items relevant to interest calculation for a combination of business partner, insurance object and currency, which is then used as the basis for interest calculation.
The most common area of application for balance interest calculation is in premium deposits (deposit contracts).
In event V084 (sample module VVOZINS_SAMPLE_V084), the system checks whether balance interest calculation is possible for an insurance object. You can define your own checks for balance interest calculation.
For insurance objects with balance interest calculation, make the following settings in the Implementation Guide and in the master data.
Settings in the Implementation Guide
You have set the
Contract Balance Interest Calculation
flag for the insurance object category, which you are using for insurance objects with balance interest calculation:
.Insurance object categories like this must be assigned to the insurance object category
Deposit Contract
(50).
You have set the following flags for the contract account category, which you are using for balance interest calculation:
Only One Contract Permitted
,
Only One Business Partner Permitted
and
Contains Deposit Contracts
.
You have defined interest keys and interest calculation rules. For balance interest calculation, you must take particular care to define whether interest calculation is to take place in advance and whether the interest rate is fixed:
Define Interest Calculation Rules
.
You have defined a document type for the interest document (posting area 1082):
.You have assigned main and subtransactions to the interest lines for the document (posting area V070):
.You have assigned main and subtransactions to the withholding tax lines for the document (posting area 1086):
.You have defined the document type and clearing reason for reversing an interest document (posting area 1050):
You have defined clearing reasons for items that are not relevant for interest calculation:
.Settings for Other Master Data
You have assigned the insurance object to an insurance object category that is marked for balance interest calculation.
Note
When creating or changing a deposit contract, you can generate correspondence with a payment form (correspondence type 0028), and output it when printing correspondence. To do this, set the following activity in the Implementation Guide:
.The contract account is assigned to a contract account category that can contain deposit contracts.
The contract account is only assigned to one insurance object and one business partner.
Note
There is a 1:1:1 relationship between an account for a deposit contact, a business partner and an insurance object with balance interest calculation. However, you can assign more business partners/contract accounts to an insurance object with balance interest calculation.
You have selected open item accounting as account management for the contract account.
The contract account contains clearing restriction ‘D’.
You have defined a currency for the account. It is only possible to post to the contract account using this currency.
Note
You can change the currency for an account in deposit contracts. See Currency Change for Insurance Objects with Balance Interest Calculation
You have defined an interest key for the insurance objects (or contract account) for which interest is to be calculated.
If you want to calculate interest on a periodic basis, you have define the base period and, if required, the base days for interest calculation.
If you want to post withholding tax, fill the flag for withholding tax for outgoing payments on the contract account.
The system provides the following functions for processing insurance objects with balance interest calculation:
The
Process Insurance Objects with Balance Interest Calculation
transaction
The
Balance Interest Calculation Run
mass activity
The
Currency Change
mass activity
The
Create Balance Interest Letter
mass activity
The
balance interest calculation history
Items for which the following conditions are valid are excluded from balance interest calculation:
They are cleared and the clearing reason has been marked in Customizing as not relevant for interest calculation.
You list main and subtransactions that are marked as not for interest calculation, using an additional receivable rule.
Your clearing document has the origin “Reversal”, “Resetting Clearing” or “Returns”.
They have been posted statistically.
You do not have clearing restriction “D”.
Note
Items for insurance objects with balance interest calculation are excluded from item interest calculation.