Define Interest Calculation Types (SAP Library - Accounts Receivable and Accounts Payable)

Define Interest Calculation Types

In this step, you create your interest indicators and determine whether they are to be used for the item interest calculation or account balance interest calculation.

Note

The master record of an account must contain an interest indicator so that it is taken into consideration during interest calculation.

Activities

1. Create the required interest indicators.

2. Make sure an interest indicator is entered in the master records of the required accounts.