How to use FPINTM1 - Interest Run

SAP Transaction Code - Details

• Transaction Code: FPINTM1

  Description: Interest Run

  Release: S/4HANA and ECC 6

• • Program: SAPLFKKAKTIV2

    Screen: 999

    Authorization Object:

  • Development Package: FKKB

    Package Description: Contract A/R & A/P: Central Objects

    Parent Package: FI-CA

  • Module/Component: FI-CA

    Description: Contract Accounts Receivable and Payable

Smart SAP Assistant

• SAP Tcode: FPINTM1 - Interest Run

  
  Overview:
  The SAP transaction code FPINTM1 is used to calculate interest on open items in the Accounts Receivable and Accounts Payable modules. It is used to calculate interest on overdue payments and to post the interest to the customer or vendor accounts. 
  
  Functionality: 
  The FPINTM1 transaction code allows users to calculate interest on overdue payments and post the interest to the customer or vendor accounts. It also allows users to define the interest rate, payment terms, and other parameters for calculating interest. The transaction code also allows users to view a list of open items with their respective interest amounts. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code FPINTM1 in the command field. 
  2. Select the company code for which you want to calculate interest. 
  3. Enter the date from which you want to calculate interest. 
  4. Enter the interest rate and payment terms for calculating interest. 
  5. Select the type of open items (e.g., customer or vendor) for which you want to calculate interest. 
  6. Select the type of posting (e.g., debit or credit) for posting the calculated interest amount. 
  7. Execute the transaction code by clicking on “Execute” button. 
  8. Review the list of open items with their respective interest amounts and make any necessary changes before posting them to customer or vendor accounts. 
  9. Post the calculated interest amounts by clicking on “Post” button. 
  10. Confirm that the calculated interest amounts have been posted correctly by reviewing the list of open items with their respective posted amounts in Accounts Receivable or Accounts Payable module. 
  
  Other Recommendations: 
  It is recommended that users review all open items before executing this transaction code, as incorrect data can lead to incorrect calculations and postings of interest amounts. Additionally, users should ensure that they have entered all necessary parameters correctly before executing this transaction code, as incorrect parameters can lead to incorrect calculations and postings of interest amounts as well.