how to calculate interest for multiple loans in sap. with multiple loans a/c a

how to calculate interest for multiple loans in sap. with
multiple loans a/c and multiple interest paid a/c.

Ex: If I had suppose 3 term loans from ICICI Bank, HDFC
Bank, Axis Bank. I will create three GL a/cs and I wanted
to create separate Interest paid for each of the loan like
Interest paid on ICICI bank etc.. but how to calculate this
interest and how to assign for automatic postings in OBV2.

Question Posted / lovely_santu143

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how to calculate interest for multiple loans in sap. with multiple loans a/c and multiple interest..

Answer / gsvijay

if you have more than one loan account i.e, ICICI bank, HDFC Bank, Axis Bank then in OBV2 for the account symbol 2000 (GL Paid account) we have to assign GL account as ++++++++++ (10 times +).
In the month end when we calculate the interest for the respective loan account number, the ++++++++++ will be replaced by the corresponding loan account number.

eg : Account Symbol Currency GL Account
0002 INR ++++++++++
2000 INR ++++++++++

Is This Answer Correct ?

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how to calculate interest for multiple loans in sap. with multiple loans a/c and multiple interest..

Answer / nagesh

Vijay i think u r answer is wrong

its not working

i tried as u said

tell me another way if any thing is there to calculate and
post interest to separte g/l acccounts

mail me kabnageswar@gmail.com

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0 No

how to calculate interest for multiple loans in sap. with multiple loans a/c and multiple interest..

Answer / sreedhaam

1. Answer is working it's not working, we want post like
ICICI BANK INT. A.C DR TO ICICI RUPEE TERM LOAN. etc... i
guess every time we need to change that GL accounts at OBV2
and run the interest.

If my is wrong answer pls give me the right answer

Is This Answer Correct ?

1 Yes

2 No

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