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Advance payment interest calculation

Hi,

        We need to implement advance payment from customer functionality , for that we have planned to put advance payments made by customer as on account payments , which will get cleared (allocated) to bill generated for customer at later dates. But we have to calculate interest on the payment amount every six months . for that we have updated an interest key to the payments made by customer . now when we calculate interest on the payment only payment amount (Credit) which is open on the day of interest calculation , interest is calculated . but the item which has been cleared is not available for interest calculation . we are using FPI1 and FPINTM1 to calculate interest . Is there any way we can calculate interest on the cleared amount.

Example --

On-account payment - 1000  on 01.04.2013

partial clearing on 15.04.2013 with bill .

item-1--On-account payment - 700   (Open)

item-2--On-account payment - 300   (cleared)

currently system calculates interest on item 1

item-1--On-account payment - 700   (Open)  

what we need

interest calculation on

On-account payment - 1000  till 01.04.2013----15.04.2013 (because the item was open till this date )

On-account payment--  700        16.05.2013-- till interest run date (because its still open )

Is this functionality achievable using the FPI1 or FPINTM1

p.s

1) In the define interest key we have selected -- consider all items for interest calculation

2) In FPI1 we have selected option credit item and all items in interest parameters.

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Former Member
Former Member replied

Hi

        just got reply from sap ,event 2065 needs to implemented with customer logic for the above process to work .

Thanks Bob, Amlan , william , satyajeet  for helping out .

Issue resolved .

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