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Prepare Interest on Arrears Calculation (Vendors)

In this step you make the specifications for postng interest calculated on arrears.

The accounts are determined via the posting interface of the application 0009 (calculation of interest on arrears). The following specifications are mandatory:

First you must specify which account determination keys you will be using. For the business transaction account determination key you must enter 1000 (interest earned) and 2000 (interest paid). The other keys (company code, interest indicator and business transaction) are optional. You can use them to further differentiate the interest posting.
In addition, you also specify a debit and a credit posting key and account symbols (posting specifications) for each combination of account determination keys. For the customer posting you use account symbol 1000 . You do not have to specify a particular account, since the posting will be made to the customer account. However, you must enter the appropriate posting key.
You must define the account allocation for every interest earned and interest paid posting. You can differentiate the accounts specified by currency.
You can define a document type for the interest posting via the menu item Goto . In the standard system the document type KA is defined for this.

Activities

Make the necessary specifications for posting interest.