Prepare Account Balance Interest Calculation
Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business Transactions - Bank Account Interest Calculation - Interest Calculation Global Settings - Define Interest Calculation Types (Transaction code is OBAA)
Step 1) Select New Entries button
Step 2) Populate the following fields: Interest calculation indicator, Interest calculation frequency and calendar type
Select balance plus interest check box
Note:
Calendar type - "G" for Rupee Term Loans
Calendar type - "F" for Foreign currency Loans
Step 3) Select save button
we get message below
Path: SPRO - Select SAP Reference IMG - Financial Accounting - General Ledger Accounting - Business Transactions - Bank Account Interest Calculation - Interest Calculation Global Settings - Define Interest Calculation Types (Transaction code is OBAA)
Step 1) Select New Entries button
Step 2) Populate the following fields: Interest calculation indicator, Interest calculation frequency and calendar type
Select balance plus interest check box
Note:
Calendar type - "G" for Rupee Term Loans
Calendar type - "F" for Foreign currency Loans
Step 3) Select save button
we get message below