Interest Calculation: Fields in the Master Record in SAP FICO

There are four fields in the company code-dependent data area of a G/L account master record that are relevant for balance interest calculation.

Interest indicator

In order to calculate interest on G/L account balances, the interest calculation report references the interest indicator from the account master record. The most important specifications for interest calculation are stored in this indicator, such as the rules used for calculating interest and the interest rate.

The interest indicator must belong to the interest calculation type "balance interest calculation".

Interest calculation frequency

In this field you enter a number of months, which determines how often the interest calculation program is to be run. However, it is only necessary to make an entry in this field if you are planning to have the system determine the interest calculation period automatically. The interest calculation period always refers to the field Key date of last int.calc. You can also define an interest calculation frequency under an interest indicator. However, the entry in the master record has higher priority.

Key date of last int.calc. (interest calculation)

After the interest calculation program has been run in the background, it enters in this field the upper limit of the interest calculation period. This date is used by the system to automatically determine the interest calculation period for an account.

Date of last int.calc. run

In this field the report enters the CPU date of the last balance interest calculation run. This information is necessary in order to determine whether interest must be calculated for items with a value date in the past. These are items which are posted to a period for which interest has already been calculated. You can find more information on this special case in the program documentation.

All accounts that you want to be included in the interest calculation run must have an entry in the field Interest indicator in their master record. If you want to block an account for interest calculation, you should remove the interest indicator.

You can find out how to change or display a master record in G/L Account Master Data.