ISU FICA Mass Interest Run

[Former Member]

Hi Everyone,

Kindly let me know about this:

What happens when mass interest run (t code FPINTM1) is executed, if on a particular contract account the last run was executed 1 year ago ,later its executed now.  I want to know the interest will be calculated to the net due amount or it will calculate for the whole year backlogs payment ?

Thanks in advance.

Imran

[AmlanBanerjee · Accepted solution]

Hi Imran,

The answer to your query depends on selection of  Interest parameters in FPINTM1-

(a) If you are selecting Debit Items and All items, then it will calculate the interest for the whole year for all the items which are open currently or which have been paid but the payment has been made after the due date of the receivable. 

(b) If you are selecting Debit Items and Open items only, then it will calculate the interest for the all the items which are open currently and are overdue. The interest calculation will happen from the due date of the receivable to the current system date.

(C) If you are selecting Debit Items and Cleared items only, then it will calculate the interest for the all the items which are cleared currently,but the payment has been made after the due date of the receivable . The interest calculation will happen from the due date of the receivable till the date the payment cleared the outstanding receivable.

Hope it helps...

Thanks,

Amlan

[Former Member]

Hi Amlan,

Thanks for your valuable inputs.

In my scenario, at Interest Parameter tab, Debit Items and Cleared items are selected and calculate Interest to date is specified. Will this to date will effect the Interest run.

[AmlanBanerjee]

Hi Imran,

If you set the indicator Only Cleared Items, interest is only calculated on cleared items. Use this indicator if interest on arrears is only to be calculated once an item has been completely cleared.

Items that have been split by a partial payment are treated as follows:

(a)The subitems are always considered as a single unit.

(b)Interest is only calculated if all items have been cleared at the time of
the interest calculation.

The system checks whether the clearing date for all subitems is before than the calculate interest to.

Hope it helps

Thanks,

Amlan