Balance Interest Calculation

You can calculate interest on the balance of those of your G/L accounts which are managed with open item display by using the balance interest calculation function in the FI system. This function can be used, for example, to double-check the interest calculated on your accounts by the bank.

You can also use balance interest calculation in accounts receivable and accounts payable. In these areas it is used, for example, to calculate interest on the staff loan accounts managed in accounts receivable and payable.

The following topics describe what options you need to consider before carrying out a balance interest calculation, and how this type of calculation is executed.