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.
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Answer Posted / 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 ++++++++++
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