How to use FQ2620 - Verzinsung offener Posten

SAP Transaction Code - Details

• Transaction Code: FQ2620

  Description: Verzinsung offener Posten

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FKKINV

    Package Description: Invoicing

    Parent Package: FCI_INVOICING

  • Module/Component: FI-CA-INV

    Description: Convergent Invoicing

Smart SAP Assistant

• SAP Tcode: FQ2620 - Verzinsung offener Posten

  
  Overview:
  The SAP transaction code FQ2620 is used to calculate interest on open items. This transaction code is used to calculate the interest on open items in the customer and vendor accounts. It is used to calculate the interest on overdue payments and receivables. 
  
  Functionality:
  The FQ2620 transaction code allows users to calculate the interest on open items in customer and vendor accounts. It can be used to calculate the interest on overdue payments and receivables. The calculation of interest is based on the terms of payment and the payment date. The interest rate can be set manually or automatically based on the terms of payment. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FQ2620 in the command field. 
  2. Select the company code for which you want to calculate the interest on open items. 
  3. Enter the date from which you want to start calculating the interest. 
  4. Select whether you want to calculate the interest manually or automatically based on terms of payment. 
  5. Enter the rate of interest that you want to use for calculation. 
  6. Select whether you want to include all open items or only overdue items in the calculation. 
  7. Execute the program by clicking on “Execute” button. 
  8. The program will generate a report with details of all open items and their respective interests calculated as per your selection criteria. 
  
  Other Recommendations: 
  It is recommended that users should review all open items before executing this transaction code, as it will help them identify any discrepancies in their accounts and take corrective action accordingly. Additionally, users should also review their terms of payment regularly to ensure that they are up-to-date with any changes in their payment terms and conditions.