Define Reference Interest Rates

Define Reference Interest Rates

• Interest Rates are given to Reference Interest Rate
• Reference Interest Rates are assigned separately (Accounts with credit balance M2 and Accounts with debit balance M3)
• Accounts with debit and credit balances are assigned to INTEREST INDICATOR - M1 ( that we defined )  

Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business Transactions - Bank Account Interest Calculation - Interest Calculation - Define Reference Interest Rates (Transaction code is OBAC )

In the SAP Reference IMG select the menu path

Step 1) Select New Entries button



Step 2) Populate the following fields: Reference interest rate, Long text, Description, Date from and Currency

Step 3) Select save button we get message below

Step 4) Select next entry button in the same screen
Populate the following fields : Reference interest rate, Long text, Description, Date from and Currency

Step 5) Select save button we get message below