3.5.1Bank-Account Interest Calculation 3.5.1.1Preparing Account Balance Interest Calculation
Use
In this activity, you make general interest calculation specifications for each interest indicator. These specifications include the period determination, the interest determination, the interest processing, the output controls, and the payment terms.
Procedure
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Access the activity using one of the following navigation options:
Transaction code
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SPRO
|
IMG menu
|
Financial Accounting (New)General Ledger Accounting (New)Business TransactionsBank Account Interest CalculationInterest Calculation Global SettingsPrepare Account Balance Interest Calculation
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On the Change View General Conditions for Interest Scale: Overview screen, choose New Entries.
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On the New Entries: Details of Added Entries screen, make the following entries:
Field name
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Description
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User action and values
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Comment
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Int. calc. indicator
|
Interest calculation indicator
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02
|
|
Interest calc. freq.
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Interest calculation frequency
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01
|
|
Settlement day
|
|
31
|
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Calendar type
|
|
G
|
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No interest payment
|
|
|
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Balance plus int
|
|
|
| -
Choose Save.
3.5.1.2Defining Reference Interest Rates
Use
In this step, you define your reference interest rates by entering a key and a mnemonic name. All other fields are purely informative.
Procedure
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Access the activity using one of the following navigation options:
Transaction code
|
OBAC
|
IMG menu
|
Financial Accounting (New)General Ledger Accounting (New)Business TransactionsBank Account Interest CalculationInterest CalculationDefine Reference Interest Rates
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On the Change View Define Reference Interest Rate: Overview screen, choose New Entries.
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On the New Entries: Details of Added Entries screen, make the following entries:
Field name
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Description
|
User action and values
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Comment
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Reference Interest rate
|
|
UICAUD
|
|
Long text
|
|
Credit interest
|
|
Description
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|
Credit
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|
Date from
|
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01.01.zzzz
|
zzzz = effective from date year
|
Currency
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AUD
|
| -
Choose Back.
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On the New Entries: Details of Added Entries screen, make the following entries:
Field name
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Description
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User action and values
|
Comment
|
Reference Interest rate
|
|
UIDAUD
|
|
Long text
|
|
Debit interest
|
|
Description
|
|
Debit
|
|
Date from
|
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01.01.zzzz
|
zzzz = effective from date year
|
Currency
|
|
AUD
|
| -
Choose Save.
3.5.1.3Defining Time-Dependent Terms
Use
A premium on the discount rate has been defined for calculating balance interest (interest calculation indicator 02).
Procedure
-
Access the activity using one of the following navigation options:
Transaction code
|
SPRO
|
IMG menu
|
Financial Accounting (New)General Ledger Accounting (New)Business TransactionsBank Account Interest CalculationInterest CalculationDefine Time-Dependent Terms
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On the Change View Time-Dependent Interest Terms: Overview screen, choose New Entries.
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On the New Entries: Details of Added Entries screen, make the following entries:
Int. Calc. Indicator
|
Currency Key
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Eff. from
|
Sequential number
|
Term (Debit/Credit Interest)
|
Reference Interest
|
Premium
|
02
|
AUD
|
01.01.2000
|
1
|
Debit interest: balance interest calc.
|
UIDAUD
|
5
|
02
|
AUD
|
01.01.2000
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2
|
Credit interest: balance interest calc.
|
UICAUD
|
1
| -
Choose Save.
Use
An interest rate has been defined for the discount rate.
Procedure
-
Access the activity using one of the following navigation options:
Transaction code
|
OB83
|
IMG menu
|
Financial Accounting (New)General Ledger Accounting (New)Business TransactionsBank Account Interest CalculationInterest CalculationEnter Interest Values
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On the Change View Reference Interest Rate Values: Overview screen, choose New Entries.
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On the New Entries: Details of Added Entries screen, make the following entries:
Reference
|
Eff. from
|
Int. Rate
|
UICAUD
|
2001.01.01
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7.00 %
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UIDAUD
|
2001.01.01
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10.00 %
| -
Choose Save.
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