What is outstanding interest in SAP FS-AM - Account Management?

SAP Term: outstanding interest

• Component: FS-AM

• Component Name: Account Management

• Description: This is the interest to be paid minus paid interest. The system includes the posted and proportional, not yet paid turnovers of interest to pay posted by the settlement minus the posted and paid interest, that is the turnovers of interest paid cleared with installment payment or interest payments planned principle. The turnovers of interest to be capitalized are not included in the calculation. Prepayments made for interest reduce the amount of outstanding interest.

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• Key Concepts: 
  Outstanding interest is a term used in the SAP FS-AM Account Management component. It refers to the amount of interest that has been accrued but not yet paid or received. This amount is calculated based on the current balance of the account and the applicable interest rate. 
  
  How to use it: 
  In order to calculate outstanding interest, you must first determine the current balance of the account and the applicable interest rate. Once these two values are known, you can use the SAP FS-AM Account Management component to calculate the outstanding interest. 
  
  Tips & Tricks: 
  It is important to keep track of outstanding interest as it can have a significant impact on the overall financial performance of an organization. Additionally, it is important to ensure that all applicable interest rates are up-to-date in order to accurately calculate outstanding interest. 
  
  Related Information: 
  For more information about SAP FS-AM Account Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information about this component and how to use it effectively.