A/P: Balance Interest Calculation (SAP Library - Accounts Receivable and Accounts Payable)

A/P: Balance Interest Calculation

In this step you make the specifications controlling the posting of interest calculated on vendor balances.

The accounts are determined via the posting interface of the application 0006 (vendor interest scale). The following specifications are mandatory:

Account determination key and posting specifications

For the business transaction account determination key you must create at least one set of posting specifications for both the interest earned posting and the interest paid posting.

If you are using the interest splitting function, you must also create a set of posting specifications for each of the following business transactions:

Minus debit interest for past periods containing post-entered value dates and minus credit interest for past periods containing post-entered value dates.

Debit interest for past period containing post-entered value dates and credit interest for past period containing post-entered value dates.

Settlement period debit interest and settlement period credit interest.

G/L accounts

You must allocate an account to each of the account symbols for the interest earned and interest paid postings. Only the posting key is relevant for vendor postings. This is defined in the posting specifications. You do not have to make an entry in the G/L account field for the account allocation for vendor postings.

Document type

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.