How to use FN18 - Payoff borrower's note contract

SAP Transaction Code - Details

• Transaction Code: FN18

  Description: Payoff borrower's note contract

  Release: S/4HANA and ECC 6

  Menu Path:

  • Accounting > Bank Applications > Loans Management > New Business > Borrower's Note > Contract > Disburse

• • Program: SAPMF67A

    Screen: 100

    Authorization Object: FD_AUS_BUK

  • Development Package: FVVD

    Package Description: Treasury Loans

    Parent Package: FVVD_ZBASIS

  • Module/Component: FS-CML

    Description: Loans Management

Smart SAP Assistant

• SAP Tcode: FN18 - Payoff borrower's note contract

  
  Overview:
  SAP transaction code FN18 is used to payoff a borrower's note contract. This transaction code is used to close out a loan agreement between a lender and a borrower. It is used to record the payment of the loan and to update the financial records of the lender and borrower. 
  
  Functionality: 
  The FN18 transaction code allows the user to enter the details of the loan agreement, including the amount of the loan, interest rate, repayment terms, and other relevant information. The user can also enter any additional payments that have been made on the loan. Once all of the information has been entered, the transaction code will calculate the total amount due and update the financial records accordingly. 
  
  Step-by-step How to Use: 
  1. Enter transaction code FN18 in the SAP command field. 
  2. Enter the details of the loan agreement, including amount, interest rate, repayment terms, etc. 
  3. Enter any additional payments that have been made on the loan. 
  4. The system will calculate the total amount due and update the financial records accordingly. 
  5. Confirm that all information is correct and save your changes. 
  
  Other Recommendations: 
  It is important to ensure that all information entered into SAP is accurate and up-to-date in order to ensure accurate financial records. Additionally, it is important to review all loan agreements prior to entering them into SAP in order to ensure accuracy and compliance with applicable laws and regulations.