Interest calculation in sap

[manikanta98]

Hi all.

I am a beginner in FICO module.Please help me with following.

In balance interest calculation configuration why we are defining time dependent term?

[former_member406383 · Accepted solution]

Hi Manikanta,

Interest rates can vary from time to time. Therefore interest rates are defined under a particular time frame to ensure their applicability during interest calculation process.

Hope this helps.

Thanks,

Anand