Conditions Detail: Interest

Use

In the details screen, you can refine the interest payment details which you entered in the basic screen.

Procedure

 

1. You get to the Conditions overview screen via the Conditions button or via Goto ® Conditions.

2.You reach the Conditions Detail: Interest screen via the conditions overview by double clicking on the interest item or via Edit ® Choose condition.

3. The details screen comprises the following areas:

    1. Structure

      2. The interest rate and/or interest amount as well as the interest calculation method are specified here. The SAP R/3 System gives you 7 methods to choose from. You will find an exact description of the methods in the F1-Help for this field.

    2. Update rule

      3. Here, you select the method according to which the interest period and the due date are to be updated.

      The Frequency method (at end of term) is set as standard. This means that the first interest period ends at the end of the term.

      The definitions and effects of the individual update rules can be found in F1-Help.

    3. End of interest period

      4. The date is the first end of interest period. All subsequent interest period ends result from the chosen update rule.

      If you flag the Month end field, the interest period ends on the last day of the month.

      If you flag the Inclusive field, the interest period end is included in the interest calculation.

      In the Working day field, you specify which rule is to be used to put back the interest period end, if it does not fall on a working day. You have 5 methods to choose from which are described in the F1-Help for this field.

    4. Due date

      5. The date is the first due date. All subsequent due dates result from the chosen update rule.

      If you flag the Month end field, the due date is on the last day of the month.

      In the Working day field, you specify which rule is to be used to put back the interest period end, if it does not fall on a working day. You have 5 methods to choose from which are described in the F1-Help for this field.

    5. Additional information update:

      6. You fill in the Monthly frequency and Daily frequency fields if you have chosen monthly or daily frequency as the update rule.

      If you have chosen an update rule with the due date put back relative to the interest end period, specify by how many days (+/-) the due date is to be changed in the Due date field.

    6. Additional information working day

You must specify a calendar here if there is to be a postponement of the due date and/or interest period end to a working day. Two calendars can be specified in total.

The SAP R/3 System proposes the calendar of the country in whose currency the transaction was created.
  1. To check your entries, you can see the affect they have in the cash flow. To do this, you must leave the details screen and press the Cash flow button in the basic data screen for transaction entry.

In the Calculation basis view, you can display the dates (due date, calculation date from and to and the calculation days per interest period) resulting from your entries.