Flat rate interest calculation

[Krishnavani]

Hi,

Please advise how to calculate interest only by percentage without factor in the due days.

e.g. Interest should be calculated only for customers balance which due more than 30 days, 1%.

SGD10,000 balance due for 32 days & interest to be charge is SGD100

[OwenLiu]

Can you elaborate the question?

What app you are using to calculate the interest?

[OwenLiu]

We helped you to accept the answer, since there were no updates after 7 days.

You can unaccept it anytime if you have further questions.

[Private_Member_738696]

Hello, I also have the same scenario. Standard SAP programs (FINT or F.26) calculate interest for OVERDUE DAYS and not for a complete month. But the requirement is to calculate the interest for the whole/complete month at a flat rate (overdue days should not be considered). FYI - FICA is not in scope

Does standard SAP cover this scenario? Please share your thoughts and thanks much for your time!

Best Regards,

Kumar

[former_member132315 · Accepted solution]

Dear Krishnavani,

How are you?
Hope that everything's well.

Please check, as it might be helpful:
- 3030116 - Deprecation of G/L account Interest scale
- 3078038 - Calculate Item Interest - Interest Block

Also here's the SAP help link regarding interest calculation:- https://help.sap.com/docs/SAP_S4HANA_CLOUD/cdccca8e03d74101a0135863bc522b49/84fec5536a51204be1000000...

Please let us know if you still have any doubt or issue.

All the best,
Gabriel.