Friday, July 25, 2008

Defining the Interest Calculation Period Manually in SAP FICO

If you want to define the interest calculation period manually, you must enter it for every interest calculation run you carry out. You do not need to fill any extra fields when defining the interest calculation period. In particular, you should not make an entry in the field Key date of last int.calc.

The system does not recognize overlaps with previous balance interest calculation runs. You thus have be sure that you do not enter a period for which interest has already been calculated.

You can use this method if you always calculate interest on accounts for periods of the same length, for example, once every month.

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