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How do you calculate balance interest calculation in GL.
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Answer Posted / kiran konujula
Interest Calculations are Two Types:---
a)Balance Interest Calculation.
b)Item Interest or Interest On Arrears Calculation.
a)Balance Interest Calculation.:---
is a calculation of Interest on total balance of an
account or total balance of customer account.it is
represented in "s".
The configuration steps for calculation of balance
interest calculation are :---
1)define interest calculation type (ob46)]
2)prepare account balance interest calculation (obaa)
3)define reference interest rates (obac)
4)define time dependent terms (ob81)
5)define or specify interest rates (ob83)
6)prepare gl account balance interest calculation (obv2)
7)assign this interst calculation indicator in
specified gl account master record
8)run interest programm (f.52)
| Is This Answer Correct ? | 33 Yes | 7 No |
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