How to use FNM6 - Post Interest on Arrears

SAP Transaction Code - Details

• Transaction Code: FNM6

  Description: Post Interest on Arrears

  Release: S/4HANA and ECC 6

• • Program: RFVD_INT_ON_ARREARS_POST

    Screen: 1000

    Authorization Object:

  • Development Package: FVVD

    Package Description: Treasury Loans

    Parent Package: FVVD_ZBASIS

  • Module/Component: FS-CML

    Description: Loans Management

Smart SAP Assistant

• SAP Tcode: FNM6 - Post Interest on Arrears

  
  Overview:
  The SAP transaction code FNM6 is used to post interest on arrears. This transaction code is used to calculate and post interest on overdue payments. It is part of the Financial Accounting module in the SAP system. 
  
  Functionality: 
  The FNM6 transaction code allows users to post interest on overdue payments. It calculates the interest rate based on the payment terms and posts it to the customer’s account. The interest rate can be set manually or automatically based on the payment terms. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FNM6 in the command field. 
  2. Select the company code for which you want to post interest on arrears. 
  3. Enter the customer number for which you want to post interest on arrears. 
  4. Enter the date from which you want to calculate the interest rate. 
  5. Enter the interest rate that you want to apply for this customer. 
  6. Select the posting period for which you want to post interest on arrears. 
  7. Select ‘Post’ to post the interest on arrears for this customer. 
  8. Select ‘Print’ to print a report of all posted entries for this customer. 
  9. Select ‘Save’ to save all posted entries for this customer in a file for future reference. 
  
  Other Recommendations: 
  It is recommended that users check all posted entries before saving them in a file for future reference, as any errors in posting can lead to incorrect financial statements and reports. Additionally, users should ensure that they are familiar with all relevant accounting standards and regulations before using this transaction code, as incorrect postings can lead to legal issues and penalties from regulatory authorities.