SAP ABAP Data Element SZBMETHSKT (Method of calculating interest for additional cash discount)
Hierarchy
☛ SAP_APPL (Software Component) Logistics and Accounting
   ⤷ LO-AB (Application Component) Agency Business (Global Trade)
     ⤷ WZRE (Package) Agency Business
Basic Data
Data Element SZBMETHSKT
Short Description Method of calculating interest for additional cash discount  
Data Type
Category of Dictionary Type D   Domain
Type of Object Referenced     No Information
Domain / Name of Reference Type SZBMETH    
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 10 InClcMethd 
Medium 15 Int.calc.method 
Long 20 Int.calc.method CD 
Heading 5 InClc 
Documentation

Definition

The indicator controls which interest calculation method is used.

Use

If a payment for a settlement request list is made before the due date, it is possible to take this into account in the calculation of interest. This indicator controls the method for calculating interest.

The interest is entered as a credit interest rate under Define interest rates in Customizing for the dunning procedure.

The vendor and interest rate indicator are assigned in the vendor master record.

Example

The interest calculation method is defined by quotients DAYS / DAY BASIS and leads to the following interest calculation variants (factor created from the percentage calculation:time-dependent percentage calculation):

Linear interest calculation:

Amount = Calculation basis * percentage / 100 * DAYS / DAY BASIS

Methods of calculating the DAYS (number of days in the calculation period)

  1. "act"

    The actual number of days (calendar days) between the two dates is calculated.

  2. "360"

    The number of days between date D1/M1/Y1 and date T2/M2/J2 is calculated as follows:
    (Y2 - Y1) * 360 + (M2 - M1) * 30 + (D2 - D1)

The month is calculated as 30 days and the 31st day of a month is ignored in interest calculation.

Examples:

  • 31.03. up to and incl. 2.04. = 2 days
  • The 31.03. is ignored
  • 01.12. up to and excl. 31.12. = 30 days
  • The 31st is always ignored, so "excluding" the 31st has no effect.

  1. "360E"

    The number of days between date D1/M1/Y1 and date D2/M2/Y2 is calculated as follows:
    (Y2 - Y1) * 360 + (M2 - M1) * 30 + (D2 - D1)

    The month is calculated as 30 days, and the 31st of a month is viewed as the 30th, i.e. the 31st in D1 and D2 are both set back to the 30th.

    This method is used on the European market in particular.

Examples:

  • 31.03. up to and incl. 2.04. = 3 days
  • The 31.03 is taken as the 30th, and taken into consideration.
  • 01.12. up to and excl. 31.12. = 29 days
  • The 31.12. is taken as the 30th and excluded ("excl.")

The following are defined as DAY BASIS:

  1. "360"

    The year is based on 360 days

  2. "365"

    The year is based on 365 days

  3. "366"

    The year is based on 366 days

Combinations of DAY and DAY BASIS currently supported and used in practice are:
act / 360, act / 365, act / 366, 360 / 360, 360E / 360

Use

If a payment for a settlement request list is made before the due date, it is possible to take this into account in the calculation of interest. This indicator controls the method for calculating interest.

The interest is entered as a credit interest rate under Define interest rates in Customizing for the dunning procedure.

The vendor and interest rate indicator are assigned in the vendor master record.

History
Last changed by/on SAP  20130529 
SAP Release Created in