on 10-25-2015 9:50 PM
Hi All,
Regarding the banking application, Loans management... I have a few questions I require assistance with please. Unfortunately, I do not have access to a sustainable SAP system to test this myself so was hoping someone could be my saving grace and help me.
1. Is it possible to add a vat code to the interest posting (specifically interest income) leg for a loan given? The idea is to view these postings on the SAP vat reports for further client reporting requirements.
2. When setting up a loan given, what is the financial postings (G/L accounts, debit/credits) that occurs in order to complete a full process from loan given to loan maturity? I am trying to understand what when a loan is disbursed, interest is posted and a repayment is posted, which accounts are hit from a financial perspective in SAP.
3. What is the purpose of the recon account posting for disbursements, interest and repayments for a loan given and what other options are available if you do not post to a recon account.
Thanks in advance.
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Hi
I am answering your second point
At the time of Loan taken
Bank a/c dr
To Liablity a/c
At the time of interest payment
Interest a/c DR ( Exp GL)
To Bank a/c
At the time maturity
For interest part
Interest a/c DR ( Exp GL)
To Bank a/c
For principal part
Liability a/c Dr
To bank a/c
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