Steps for Calculation of Arrers/Item Interest in fi

Here are steps for interest calculation:

1. Define terms of payments:
T.code: OBB8
path: img ->fin. accting -> AP AR :-> Business transactions :->outgoing invoice and credit memo :-> maintain terms of payment

2. Define Interest Cal indicators / type:
T.code: ob46
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation global settings :-> define interest cal types
here in int cal type select 'p' for int cal on line items

3. Make Interest Indicator Available to Interest Run Program:
T.Code: ob82
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation global settings :-> prepare int. on arreas

4. Create Reference Interest Rate:
T.code: OBAC
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation :-> interest calculation -> define reference interest rate

5. Assign interest indicators to ref. int rate or define time dependant terms:
T.code: ob81
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation :-> interest calculation -> define time dependant terms
here in sequnece # always use 1 for line item interest

6. Interest calculation account assignment:
Here we will mention how and which accounts the interest program should post.
T.code: obv1
path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation :-> interest posting -> prepare interest on arreas calculation (customers)

Purpose of One Time Vendor / Customer in fi

What is the treatment of one time customer / vendor accounts in SAP?

One time customer / vendor accounts in SAP means they are account groups for customer/vendor and where in only the general data of the customer / vendor are stored instead of maintaining the bank data and other company code data that are relevant for other account groups which are useful for long run purposes.

As you know everything that is entered in SAP is saved in some TABLE. Now the customer & vendor master is such a table which holds vast amount of data.

The business secenario where the vendor or customer which are being in system only for 1 transaction, it is not advisable to have all the data maintained in main master.

Therefore SAP has provided with the feature of One time vendor / customer wherein in the document entry stage only you have to enter the name, addres and other details of the vendor/customer.

The data, as far as I know' remains at doc level and does not goes to master tables.