Balance Interest Calculation

Balance Interest Calculation

Path: Accounting - Financial Accounting - General Ledger -Periodic Processing - Interest Calculation - Balance Interest Calculation (Transaction code is f.52)

Step 1) Populate the following fields:
Chart of Accounts, Company code, G/L account and Calculation period Select additional balance line check box
Execute

Here we view Interest rate and Interest
(100000*10%*153/365 days = 4,191.78
90000*10%*203/365 days = 5,005.48)



Interest Rates Changed

Interest rate change from 10% to 12% from 01.06.2017
On 100000 from 10.04.2017 to 31.05.2017 @ 10%
On 100000 from 01.06.2017 to 09.09.2017 @ 12%
On 90000 form 10.09.2017 to 31.03.2018 @ 12%

Enter Interest rate(new) - (transaction code is OB83)

Step 1) Select New Entries button

Step 2) Populate the following fields: Reference, Valid from and Interest rate

Step 3) Select save button we get message below

Balance Interest Calculation (when rate changed)
(transaction code is f.52)

Populate the following fields : Chart of Accounts, Company code, G/L account and Calculation period Select additional balance line check box
Execute

Here we view Interest rate and Interest
(100000*10%*52/365 days = 1,424.66
100000*12%*101/365 days = 3320.55
90000*12%*203/365 days = 6006.58)