Hierarchy
⤷ FI (Application Component) Financial Accounting
⤷ FINT (Package) New Interest Calculation
Basic Data
Data Element | INT_INFLATION |
Short Description | Calculate Interest on Bill of Exchange in Advance |
Data Type
Category of Dictionary Type | D | Domain |
Type of Object Referenced | No Information | |
Domain / Name of Reference Type | XFELD | |
Data Type | CHAR | Character String |
Length | 1 | |
Decimal Places | 0 | |
Output Length | 1 | |
Value Table |
Further Characteristics
Search Help: Name | ||
Search Help: Parameters | ||
Parameter ID | ||
Default Component name | ||
Change document | ||
No Input History | ||
Basic direction is set to LTR | ||
No BIDI Filtering |
Field Label
Length | Field Label | |
Short | 9 | Adv. Int. |
Medium | 11 | Int.in Adv. |
Long | 15 | Calc.Int.in Adv |
Heading | 26 | Inflation: Calc.Int.in Adv |
Documentation
Definition
Calculate interest on items with invoice reference in advance
Use
This switch comes into affect for the following business transaction: There is a partial payment for an open invoice that is overdue and for which interest is to be calculated. If you have set the indicator Payment with Bill of Exchange Possible, and the payment was made with a bill of exchange, the start of the interest calculation period for the payment may be in the future.
Usually, interest is only calculated on the partial payment if it is overdue or if it is cleared with the invoice. However, if the rate of inflation is high, it is an advantage to calculate interest on items as early as possible.
Dependencies
The indicator takes effect for all open partial payments, down payments, and credit memos with invoice reference if they are not due by the upper limit of the calculation period, but interest has already been calculated on the invoice concerned.
Example
Invoice for 1,000.00, due on 09/10
Partial payment with bill of exchange for 300.00, due on 12/31
1. Interest calculation to 30/30:
Interest is calculated on the invoice for 1,000.00 from 03/11 to 03/30
Interest is calculated on the partial payment for 300.00 from 12/30 to 10/01
Debit interest is due for both items.
On 10/16, the remaining 700.00 is paid and the transaction is cleared.
2. Interest calculation to 10/31:
Interest is calculated on the invoice for 1,000.00 from 10/01 to 10/16
Interest is calculated on the partial payment for 300.00 from 10/01 to 10/16
Credit interest arises for the partial payment. This prevents - considering both interest runs - interest being calculated for this period on 1,300.00.
If you do not set this indicator, interest is not calculated on the partial payment until the second interest calculation, and is then calculated from 12/31 to 10/17.
History
Last changed by/on | SAP | 20040909 |
SAP Release Created in | 470 |