In this step, you define the posting profiles required for the interest calculation. In the posting profile, you configure accounts determination for each business transaction you need for the interest calculation.
This step is necessary if interest is to be recorded correctly in Controlling (CO).
For technical reasons, the interest must first be recorded in the profit and loss accounts in FI. As the posting profile leads to both a debit posting and a credit postings, the resulting interest balance in FI is zero.
You need two business transactions for the interest calculation - the interest earned posting and interest paid posting. You can maintain accounting determination so that it differs in the following characteristics for each business transaction:
Maintain at least one posting profile for the interest earned posting (business transaction 1000) and at least one for the interest paid posting (business transaction 2000). Proceed as follows:
Masking Example
Charact. | General acct detmn | Specific acct detmn |
---|---|---|
Business transaction | 1000 | 1000 |
Company code | 0001 | 0001 |
Interest indicator | + | 01 |
Business area | + | + |
Account determinations differentiated by company code, business area, or interest indicator take precedence over account determinations which are not differentiated.
You must not define any cost elements for the G/L accounts to which interest earned is posted. If you do, the system balances the interest postings off to zero.
If you are using Project Cash Management, a commitment item with a financial transaction other than 30 must be defined for the G/L accounts specified in the account symbol, otherwise the interest would be recorded in Project Cash Management.
You have maintained the following posting
profile:
Business transaction: 2000 | Interest indicator: + |
Company code: + | Business area: + |
Debit posting | 1 Interest paid |
Credit posting | 2 Correction: interest paid |
The following G/L accounts are assigned to the
account symbol:
Account symbol | G/L account |
---|---|
1 | 483000 |
2 | 222000 |
The system records the interest paid unter G/L account 483000 and the correction under G/L account 222000. This ensures that the system shows no interest paid in FI.
For the interest paid to be recorded in CO, you must maintain cost element 483000.
You must not maintain a cost element for G/L account 222000. Otherwise, the interest earned balance in CO is also zeroed out.