Determining the Calculation Period Automatically (SAP Library - SAP Financial Supply Chain Management (FIN-FSCM))

Determining the Calculation Period Automatically

To ensure that the interest calculation periods do not overlap, you can have the system determine the period automatically. This is especially useful if you want to charge interest on accounts at irregular intervals. The program then determines the accounts for which interest should be calculated in the respective calculation run.

To have the calculation period determined automatically, the following requirements must be fulfilled.

In the account master record, the Key date of the last int. calc. must be entered and the Interest calculation frequency must only be specified if it is not stored under the interest indicator.

A calculation day must be entered for the interest indicator.

The system uses this data to determine the upper and lower limits for the calculation period.

When running the program, you must specify the upper and lower limits for the period to be calculated. The program needs these entries in order to determine whether an account should be included in this interest calculation or the next one.

The program only includes an account in the interest calculation if the upper limit set for the account is not greater than the upper limit you specified. This allows you to carry out interest calculation independent of the frequency with which interest should be calculated on accounts.

Example

The system determines that August 31, 1997 is the upper limit for an account. If you are calculating interest for the period July 1, 1997, to August 15, 1997, the account is not included. However, if you calculate interest for the period July 17, 1997, to September 1, 1997, the account is included.