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arrears interest vs item interest


what is difference arrears interest calculation and item interest calculation

thank u


Former Member replied


Define Interest Calculation Types

In this step, you create your interest indicators and determine whether they are to be used for the item interest calculation or account balance interest calculation

Prepare Item Interest Calculation


In this activity you make the general settings for the individual interest indicators for the item interest calculation (report RFINTITAR). These include settings for selecting the items and for calculating the interest. You can also enter specifications for interest postprocessing, output control, and for posting.

Edited by: janaki ram on Oct 6, 2008 11:32 AM

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