Installment plan clearing

[Former Member]

Hello All,

I have a query regarding clearing of installment plan.

For example:

Posting Date Due Date Description Amt

01.02.2011 20.02.2011 Fees 5000

01.02.2011 20.02.2011 Interest 200

01.02.2011 20.03.2011 Interest 100

01.02.2011 20.04.2011 Interest 50

These are the items posted in a customers account

Based on these items an installment plan is created for 3 months.

My installment plan would be

Posting Date Due Date Description Amt

1.02.2011 20.02.2011 Instalment 1783

1.02.2011 20.03.2011 Instalment 1783

1.02.2011 20.04.2011 Instalment 1785

How will the source item be cleared. In what hierarchy will it clear.

I need to know, that can we clear partially clear the fees amount and interest based on the due date. If so, how can we achieve it.

Regards,

Charvi

[former_member190606]

Hello there,

Installments themselves will clear as per the clearing variant defined against the clearing category in consumer account(or dependent on the variant assigned to the incoming payment in SPRO(under the clearing type node)

As far as the clearing of the source items is concerned, a different clearing variant can be assigned in SPRO in the node "Define defaults for collective inv/installment plans". The clearing variant assigned to this node will determine how the source items should be cleared

Hope it helps!

[raviahuja]

Hi,

Payment Scheme requests are just statistical items. So when a payment clears a Payment Scheme request, in background SAP creates a down payment request (can be seen in FPL9 under tab down payment requests). This down payment request in turn clears the original debt. The priority is due date of the debt items which can be overwritten by config to give priority based on document types or main/sub trans.

This answers your second question as well that while original priority is given to due date which in case will clear fees first due on 20.02.2011 but if you want interest to get cleared first, you need to do some enhancements and config to change priorities based on document types or main/sub trans.

Regards,

Ravi