F.24 - A/R: Interest for Days Overdue

SAP Transaction Code - Details

• Transaction Code: F.24

  Description: A/R: Interest for Days Overdue

  Release: ECC 6 only

• • Program: RFDUZI00

    Screen: 1000

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Smart SAP Assistant

• SAP Tcode: F.24 - A/R: Interest for Days Overdue

  
  Overview:
  The SAP transaction code F.24 is used to calculate and post interest for overdue accounts receivable (A/R) items. This transaction code is used to ensure that customers are charged the correct amount of interest for overdue payments. 
  
  Functionality: 
  The F.24 transaction code allows users to calculate and post interest for overdue A/R items. It also allows users to specify the interest rate, the number of days overdue, and the posting date for the interest calculation. The transaction code also allows users to view a list of all overdue A/R items and their respective interest amounts. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code F.24 in the command field. 
  2. Select the company code for which you want to calculate and post interest for overdue A/R items. 
  3. Enter the interest rate, number of days overdue, and posting date for the interest calculation. 
  4. Select “Calculate Interest” to calculate the interest amount for each overdue A/R item. 
  5. Select “Post Interest” to post the calculated interest amounts to the respective A/R items. 
  6. Select “Display List” to view a list of all overdue A/R items and their respective interest amounts. 
  7. Select “Print List” to print a list of all overdue A/R items and their respective interest amounts. 
  8. Select “Back” to return to the main menu of the F.24 transaction code. 
  
  Other Recommendations: 
  It is recommended that users review all calculated and posted interest amounts before exiting the F.24 transaction code in order to ensure accuracy and completeness of the calculations and postings. Additionally, users should ensure that all relevant accounting documents are created when posting interest amounts in order to maintain an accurate audit trail of all transactions related to calculating and posting interest for overdue A/R items.