What is interest earned in SAP FS-AM-EP-ST - Settlement?

SAP Term: interest earned

• Component: FS-AM-EP-ST

• Component Name: Settlement

• Description: The absolute interest amount credited to a customer for a balance in a certain settlement period. This interest earned has been adjusted to take account of accrued/deferred interest earned, resulting from adjustments to previous periods.

Smart SAP Assistant

• Key Concepts: 
  Interest earned is a term used in the SAP FS-AM-EP-ST Settlement component. It refers to the amount of money that is earned from interest on investments or loans. This amount is calculated based on the interest rate and the amount of time that the investment or loan has been held. 
  
  How to use it: 
  In order to calculate interest earned, you must first enter the interest rate and the amount of time that the investment or loan has been held into the SAP system. The system will then calculate the amount of money that has been earned from interest. This amount can then be used to adjust the balance of the investment or loan. 
  
  Tips & Tricks: 
  It is important to remember that interest earned is only calculated on investments or loans that have been held for a certain period of time. Therefore, it is important to keep track of when investments or loans were made in order to accurately calculate interest earned. 
  
  Related Information: 
  The SAP FS-AM-EP-ST Settlement component also includes other terms related to interest such as interest paid, accrued interest, and amortization. It is important to understand how these terms are related in order to accurately calculate interest earned.