How to use OPIC - Intrst Relevance: Cost Els/Cmmt Itms

SAP Transaction Code - Details

• Transaction Code: OPIC

  Description: Intrst Relevance: Cost Els/Cmmt Itms

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: KAPI

    Package Description: Interest calc./mass processing

    Parent Package: APPL

  • Module/Component: PS-COS-PER-IC

    Description: Interest

Smart SAP Assistant

• SAP Tcode: OPIC - Intrst Relevance: Cost Els/Cmmt Itms

  
  Overview:
  The SAP transaction code OPIC stands for “Interest Relevance Cost Elements/Commitment Items”. This code is used to assign interest relevance to cost elements and commitment items in the SAP system. 
  
  Functionality: 
  The OPIC transaction code allows users to assign interest relevance to cost elements and commitment items. This means that the system will recognize when interest is due on these items and will calculate the interest accordingly. This is especially useful for businesses that need to track interest payments on their accounts. 
  
  Step-by-step How to Use: 
  To use the OPIC transaction code, users must first select the cost element or commitment item they wish to assign interest relevance to. Then, they must enter the relevant data, such as the interest rate and payment terms. Finally, they must save their changes and activate the interest relevance. 
  
  Other Recommendations: 
  When using the OPIC transaction code, it is important to ensure that all of the data entered is accurate and up-to-date. Additionally, users should be aware of any applicable laws or regulations regarding interest payments in their jurisdiction. Finally, users should regularly review their settings to ensure that they are still relevant and up-to-date.