What is interest calculation logic in SAP PS - Project System?

SAP Term: interest calculation logic

• Component: PS

• Component Name: Project System

• Description: A term that describes how interest calculation is controlled, that is: Which account assignment objects are included in the interest run Which balancing objects are named

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• Key Concepts: 
  Interest calculation logic in SAP Project System (PS) is a feature that allows users to calculate the interest on investments made in a project. It is used to determine the amount of interest that should be paid or received for a given period of time. The interest calculation logic can be used to calculate the interest on loans, investments, and other financial transactions. 
  
  How to use it: 
  The interest calculation logic in SAP PS can be used by setting up the relevant parameters in the system. This includes setting up the interest rate, the start and end dates of the period, and any other relevant information. Once these parameters are set up, the system will automatically calculate the interest for the given period. 
  
  Tips & Tricks: 
  When setting up the interest calculation logic in SAP PS, it is important to ensure that all of the parameters are correctly entered. This will ensure that the system calculates the correct amount of interest for each period. Additionally, it is important to regularly review and update the parameters as needed to ensure that they remain accurate. 
  
  Related Information: 
  The interest calculation logic in SAP PS is closely related to other features such as cost planning and budgeting. It is important to understand how these features interact with each other in order to ensure that all financial transactions are accurately accounted for. Additionally, it is important to understand how different types of investments can affect the amount of interest that is calculated.