Interest Indicator Various Currency

11/22/2017 Interest Indicator
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Interest Indicator
This question is answered
Hi All
I configured the interest indicator Z1 to calculate the interest in F.26 ...
it all works fine, however, the requirement is that the interest amount is calculated based on the transaction
currency - since we have multiple currency amounts that get entered..
Is this possible at all
https://archive.sap.com/discussions/thread/1507146 1/16
Thank you
Rukshana
(https://people.sap.com/rukshana.sameem2)
Rukshana Sameem (https://people.sap.com/rukshana.sameem2)

April 01, 2010 at 08:24 AM
0 Likes
Correct Answer
Jan Pettersson (https://people.sap.com/jan.pettersson) replied

(https://people.sap.com/jan.pettersson)
October 22, 2009 at 08:42 AM
Check transaction OBV1.
For business transaction 1000 we

have + in interest indicator, company
code and business area. Assuming
you can assign specific ones here if
you want to
Following details on this business

transaction:
Debit 01 1000 Customer posting
Credit 50 0001 Interest received
Then click on accounts at the top of

the screen, give your chart of accounts
and continue.
Here you should have account

symbols.
In our case account symbol 1000 has

a + for currency and a + for G/L Acct
and for account symbol 0001 we have
a + for currency and the G/L Acct
641600 (which is our account for
interest). Same account is also
specified for account symbol 0002
which is used for "interest paid" in
business transaction 2000.
In this one we have the same main

settings as above for interest, cc and
ba and in the debit/credit settings:
Debit 40 0002 Interest paid
Credit 16 1000 Customer posting
Hope this helps
//Jan Pettersson
Edit: Under button "Symbols" we have

these entries:
0001 Interest received
0002 Interest paid
1000 Customer posting
Edited by: Jan Pettersson on Oct 22,

2009 8:46 AM
0
View this answer in context (/discussions/message/8312887#8312887)
Helpful Answer by
Jan Pettersson (/discussions/message/8308699#8308699) , Jan Pettersson
(/discussions/message/8308967#8308967) , MAURIZIO BIANCOTTI
(/discussions/message/8310043#8310043) , MAURIZIO BIANCOTTI
(/discussions/message/8310635#8310635)
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43523242285841826221) or
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24 replies
(https://people.sap.com/maurizio.biancotti)
MAURIZIO BIANCOTTI (https://people.sap.com/maurizio.biancotti)replied
October 20, 2009 at 15:23 PM

Dear,
please have a look at the note number 709999 that says:
Symptom
You carry out a balance interest calculation on a customer,

vendor or
G/L account. The interest letter and the created posting are
always
created in local currency even though the account was also

posted to in
other currencies.
Other terms
RFDZSI00. RFKZIS00, RFSZIS00
F.26, F.44, F.52
Reason and Prerequisites
Solution
This is not caused by any error: The programs for the account
balance
interest calculation work exclusively in local currency.
If you want to calculate interest on customer or vendor accounts

in
document currency, use the item interest calculation.
I hope this can help You.
Mauri
0
likes
Rukshana Sameem (https://people.sap.com/rukshana.sameem2)replied October 21, 2009 at 09:43 AM
Hi Mauri
thank you very much for the information..
And I just configured the Item Interest Calculation and the F.26 again but I sitll get the
interest calculations in Local Currency..
What am i doing wrong?
Thanks again
Rukshana
likes
October 21, 2009 at 09:59 AM

Dear Rukshana,
You did well.
As the note states:
This is not caused by any error: The programs for the account
balance
interest calculation work exclusively in local currency.
this means that the Standard report works and calcultes interest
in local currency only.
I'm sorry but this is a SAP Standard Design that cannot be

changed.
Have a nice day.
Mauri
0
likes
Hi Mauri
Thanks again for the prompt and very informative response...
So the answer is an absolute NO if the customer requests the Interest calculation to be in

Document currency and at item level detail for the customer...
Have i understood it correctly - just want to be absolutely certain before i give the answer..
thank you so very much
Rukshana
likes
Jan Pettersson (https://people.sap.com/jan.pettersson)replied October 21, 2009 at 11:43 AM
We calculate interest on item level using transaction FINT and send interest invoices
based on this, it works in document currency.
Edit: We have ECC 6.0 if that makes any difference compared to R/3.
//Jan Pettersson
Edited by: Jan Pettersson on Oct 21, 2009 11:43 AM
0
likes
Rukshana Sameem (https://people.sap.com/rukshana.sameem2)replied October 21, 2009 at 12:59 PM
Hi Jan
Thanks much for the info.
In order to run the FINT transaction, should I be do any more Customizing since it keeps
coming back with the message that No Items were selected.
Thank you
Rukshana
0
likes
 Helpful Answer
Jan Pettersson (https://people.sap.com/jan.pettersson)replied October 21, 2009 at 13:06 PM
Depends on how your interest indiciator is configured today?
Otherwise things to consider is:
Interest indicator needs to be maintained in customer master data
Customer needs to have items that qualify based on your interest indicator preferences
Otherwise the FINT is quite self explaining when it comes to entries. Usually the mistake is
the two above
//Jan
0
likes
Hi again Jan
I have maintained the interest indicator on the Master data and also input some entries -
however, the error I now get is:
No time-dependent conditions for Z3/EUR/Debit Int. Rate/from 26.09.2009
However, in Customizing I have set this up in transaction OB81
What am i missing?
And thanks a bunch
Rukshana
0
likes
 Helpful Answer
Jan Pettersson (https://people.sap.com/jan.pettersson)replied October 21, 2009 at 13:43 PM
This is what one of our interest indiciators look like in OB81:
ZC DKK 01.01.2001 1 Debit interest: arrears interest calc. 0,00
ZC DKK 01.01.2001 2 Credit interest: arrears interest calc. 0,00
ZC EUR 01.01.2001 1 Debit interest: arrears interest calc. 0,00
ZC EUR 01.01.2001 2 Credit interest: arrears interest calc. 0,00
ZC GBP 01.01.2001 1 Debit interest: arrears interest calc. 0,00
ZC GBP 01.01.2001 2 Credit interest: arrears interest calc. 0,00
ZC NOK 01.01.2001 1 Debit interest: arrears interest calc. 0,00
ZC NOK 01.01.2001 2 Credit interest: arrears interest calc. 0,00
ZC SEK 01.01.2001 1 Debit interest: arrears interest calc. 0,00
ZC SEK 01.01.2001 2 Credit interest: arrears interest calc. 0,00
ZC USD 01.01.2001 1 Debit interest: arrears interest calc. 0,00
ZC USD 01.01.2001 2 Credit interest: arrears interest calc. 0,00
Does this help?
//Jan
0
likes
Hiya Jan
My settings are identical to the ones that you have but I still get the same error when I run
FINT.
Any more ideas?
Thanks much
Rukshana
0
likes
 Helpful Answer
October 21, 2009 at 16:13 PM

Dear,
Please insert the "Debit interest: arrears interest calc." for Your
Z3
Interest Indicator by:
IMG > Financial Accounting (New) > Accounts Receivable and

Accounts
Payable > Business Transactions > Interest Calculation >
Define Time-Based Terms
Int.calc.indicator Z3
Currency Key EUR
Eff. from 26.09.2009
Sequential number 1
Term Debit interest: arrears interest calc. <
Ref. interest rate
Premium
Amount from
I hope this helps You.
Mauri
0
likes
Hello again
Yes I have done what all you suggested and I still do get the below error message:
No time-dependent conditions for Z3/EUR/Debit Int. Rate/from 26.09.2009
I cant understand why its doing that -
i have created a new Libor rate with the currency SEK, and created my interest indicator
as P to allocate for item interest, then I have also assigned Z3 to the new LIBOR rate....
but even then i get the same error when i do FINT
thank you for the support
Rukshana
0
likes
Hi Again
thank you very much for the support - i finally got it to work
but now another error pops up as below:
Account symbol 0001 cannot be replaced (modif. + )
Message no. F8107
Any idea as to how I can correct that
thanks again
Rukshana
0
likes
 Helpful Answer
October 21, 2009 at 17:55 PM

Dear Rukshana,
check again that into transaction OB81You defined:
Z3 EUR 01.01.2009 1 Debit interest: arrears interest calc. 0,00
Z3 EUR 01.01.2009 2 Credit interest: arrears interest calc. 0,00
AND NOT
Z3 EUR 01.01.2009 1 Credit interest: balance interest calc. 0,00
Z3 EUR 01.01.2009 2 Credit interest: balance interest calc. 0,00
Because You have to insert ARREARS and not BALANCE.
Please let me know.
Mauri
0
likes
Hi Mauri
Thanks a bunch for that
thats just what i Changed and it works but now am getting a different error:
Account symbol 0001 cannot be replaced (modif. + )
Message no. F8107
Any ideas why this happens?
Thanks soo much again!!
Rukshana
0
likes
Correct Answer
Jan Pettersson (https://people.sap.com/jan.pettersson)replied October 22, 2009 at 08:47 AM
Check transaction OBV1.
For business transaction 1000 we have + in interest indicator, company code and
business area. Assuming you can assign specific ones here if you want to
Following details on this business transaction:
Debit 01 1000 Customer posting
Credit 50 0001 Interest received
Then click on accounts at the top of the screen, give your chart of accounts and continue.
Here you should have account symbols.
In our case account symbol 1000 has a + for currency and a + for G/L Acct and for
account symbol 0001 we have a + for currency and the G/L Acct 641600 (which is our
account for interest). Same account is also specified for account symbol 0002 which is
used for "interest paid" in business transaction 2000.
In this one we have the same main settings as above for interest, cc and ba and in the
debit/credit settings:
Debit 40 0002 Interest paid
Credit 16 1000 Customer posting
Hope this helps
//Jan Pettersson
Edit: Under button "Symbols" we have these entries:
0001 Interest received
0002 Interest paid
1000 Customer posting
Edited by: Jan Pettersson on Oct 22, 2009 8:46 AM
0
likes
Thank you very much
Now its working perfectly
0
likes
Hi Guys
I somehow managed to get the interest on items working and now the requirment has
changed to be that irrespective of transaction currency - the calculation of interest should
be on the Customer currency -
Is this possible - can you please guide me as to how to get this done ....
It is highly critical ..
Thanks much
Rukshana
0
likes
October 22, 2009 at 11:02 AM

Dear Rukshana,
jan is right. Usually the reason for the error message is that for
your
Chart of Accounts there is no Account Symbol 1000 maintained.
If you compare with Chart of Accounts "INT", you will see the
entry
missing.
Please maintain it accordingly by transaction OBV1 and test

again.
You have to create the account symbol 1000 in your chart of

accounts.
If you need that the posting is done to the customer account,

then you
should create an entry as follows:
Acct symbol Currency G/L account
1000 + +
When you call transaction OBV1 and select Accounts button,
you will see that, for each account symbol, there must be a G/L
account
associated with that.
Message F8 107 says that:
The account symbol could not be replaced by a G/L account.
The possible reasons for that:
1) You have not associated a G/L account to the symbol
2) You have associated a general account with a mask, for

example
12345*, then a replacement rule will take place: system will try
to
find the respective G/L account that starts with 12345 and has
one more
digit. If system is not able to find this G/L, the message above is
displayed
I hope this helps.
Mauri
0
likes
I need to get the interest calculation on the Customer master data currency.
0
likes
Hi
Any suggestions on this issue?
thanks much
rukshana
0
likes
Jan Pettersson (https://people.sap.com/jan.pettersson)replied November 02, 2009 at 11:33 AM
Hi!
Sorry, I can't help there. We're just implementing SD and sales data on our customers
(they have been FICO only up until now), so it hasn't been relevant with anything but
transaction currency.
//Jan
0
likes
Rukshana Sameem (https://people.sap.com/rukshana.sameem2)replied November 02, 2009 at 14:27 PM
Hi Jan
thanks for the reply.
I suppose standard SAP is not going to support this -
Anyway, thanks much
Rukshana
0
likes
(https://people.sap.com/lee.hao)
lee hao (https://people.sap.com/lee.hao)replied
April 01, 2010 at 08:24 AM

so great solution to this problem
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Archived discussions are read-only. Learn more about SAP Q&A

I configured the interest indicator Z1 to calculate the interest in F.26 ...

Is this possible at all

Rukshana Sameem (https://people.sap.com/rukshana.sameem2)

Jan Pettersson (https://people.sap.com/jan.pettersson) replied

For business transaction 1000 we

Following details on this business

Debit 01 1000 Customer posting

Credit 50 0001 Interest received

Then click on accounts at the top of

Here you should have account

In our case account symbol 1000 has

In this one we have the same main

ba and in the debit/credit settings:

Debit 40 0002 Interest paid

Credit 16 1000 Customer posting

Hope this helps

Edit: Under button "Symbols" we have

0001 Interest received

0002 Interest paid

1000 Customer posting

Edited by: Jan Pettersson on Oct 22,

oking for? View more on this topic (https://go.sap.com/community/tag.html?

MAURIZIO BIANCOTTI (https://people.sap.com/maurizio.biancotti)replied

October 20, 2009 at 15:23 PM

please have a look at the note number 709999 that says:

You carry out a balance interest calculation on a customer,

created in local currency even though the account was also

RFDZSI00. RFKZIS00, RFSZIS00

F.26, F.44, F.52

Reason and Prerequisites

interest calculation work exclusively in local currency.

If you want to calculate interest on customer or vendor accounts

document currency, use the item interest calculation.

I hope this can help You.

Rukshana Sameem (https://people.sap.com/rukshana.sameem2)replied October 21, 2009 at 09:43 AM

thank you very much for the information..

What am i doing wrong?

MAURIZIO BIANCOTTI (https://people.sap.com/maurizio.biancotti)replied

October 21, 2009 at 09:59 AM

You did well.

As the note states:

interest calculation work exclusively in local currency.

I'm sorry but this is a SAP Standard Design that cannot be

Have a nice day.

Rukshana Sameem (https://people.sap.com/rukshana.sameem2)replied October 21, 2009 at 10:02 AM

Thanks again for the prompt and very informative response...

So the answer is an absolute NO if the customer requests the Interest calculation to be in

thank you so very much

Jan Pettersson (https://people.sap.com/jan.pettersson)replied October 21, 2009 at 11:43 AM

Edited by: Jan Pettersson on Oct 21, 2009 11:43 AM

Rukshana Sameem (https://people.sap.com/rukshana.sameem2)replied October 21, 2009 at 12:59 PM

Thanks much for the info.

Jan Pettersson (https://people.sap.com/jan.pettersson)replied October 21, 2009 at 13:06 PM

Depends on how your interest indiciator is configured today?

Otherwise things to consider is:

Interest indicator needs to be maintained in customer master data

the two above

Rukshana Sameem (https://people.sap.com/rukshana.sameem2)replied October 21, 2009 at 13:40 PM

No time-dependent conditions for Z3/EUR/Debit Int. Rate/from 26.09.2009

However, in Customizing I have set this up in transaction OB81

And thanks a bunch