Hi SAP allows you to configure interest for open items as well as cleared items. Just as open items (overdue items) can attract interest, you can also configure so as to calculate interest on cleared ( settled but paid for after the due date and thereby involving a delayed payment) items. Regards VidhyaDhar
| | | ---------------Original Message--------------- From: Kathrinek Sent: Thursday, August 11, 2011 10:24 AM Subject: Interest calculation on arrears Path in question path: img ->fin. accting -> AP AR :-> Business transactions :-> interest calculation global settings :->prepare interest on arrears calculation. On the above path I have observed that in the Selection of items tab i notice there is an option to select cleared items. Please help me to understand why someone would want to charge interest on cleared items. Under what circumstances will this be required. Thank you | | __.____._ Copyright © 2011 Toolbox.com and message author. Toolbox.com 4343 N. Scottsdale Road Suite 280, Scottsdale, AZ 85251 | | VidhyaDhar SAP Accounting Top Contributor
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