What is 'settled interest' in SAP FS-AM - Account Management?

settled interest - Overview

• Component: FS-AM

• Component Name: Account Management

• Description: Posted interest for the analysis period from the start of the contract up to the key date. The revenue for interest to be capitalized is included in the calculation. Interest that has not been posted yet is not included in the calculation.

settled interest - Details

• 
  Key Concepts: 
  Settled interest is a term used in the SAP FS-AM Account Management component. It refers to the interest that has been paid on a loan or other financial instrument. The interest is calculated based on the amount of money borrowed, the length of time it was borrowed for, and the interest rate. 
  
  How to use it: 
  In SAP FS-AM Account Management, settled interest is used to track the amount of interest that has been paid on a loan or other financial instrument. This information can be used to calculate the total cost of borrowing and to ensure that all payments are made on time. 
  
  Tips & Tricks: 
  When calculating settled interest, it is important to take into account any additional fees or charges that may be associated with the loan or financial instrument. Additionally, it is important to keep track of any changes in the interest rate over time, as this can affect the total cost of borrowing. 
  
  Related Information: 
  Settled interest is closely related to other terms such as accrued interest and unpaid interest. Accrued interest refers to the amount of interest that has been earned but not yet paid, while unpaid interest refers to the amount of interest that has not yet been earned but still needs to be paid.