RE: [sap-acct] Where to assign the G/L for interest in Dunning?
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 | Posted by VitalCreemers on Mar 26 at 6:29 PM |  Mark as helpful |
I mean of course that if you are using accounts recievable that ther no postings generated for interests during the dunning procedure...
From: sap-acct@Groups.ITtoolbox.com
To: crvi69@hotmail.com
Subject: RE: [sap-acct] Where to assign the G/L for interest in Dunning?
Date: Fri, 26 Mar 2010 22:10:37 +0000
Posted by VitalCreemers
on Mar 26 at 6:09 PM
Mark as helpful
It is possible to book interest during dunning, but only if you are using contract accounting. Only in this case it possible to book it. If you are using accounts recievable the interest is only printed on the dunning letter, but there are postings generated....
Date: Thu, 4 Mar 2010 11:44:15 +0530
Subject: Re: [sap-acct] Where to assign the G/L for interest in Dunning?
From: sap-acct@Groups.ITtoolbox.com
To: crvi69@hotmail.com
Posted by Vidhyadhar (Mr.)
on Mar 4 at 1:13 AM
Mark as helpful
Hi
You may be aware that dunning is just a reminder, a form of
correspondence......which may include an interest element. As far as I
know, this interest which gets printed in the dunninng note is for
informative / report purposes only and does not carry any accounting
significance.
However, should you decide to bring interest into books of account, you may
use the node under Accounts Receivable > Periodic Processing > Interest
Calculation and even print interest forms, if required.
Please note that Interest calculation ( applicable not only for customers
but also for vendors and GL Accounts) has a detailed configuration
rigmarole before implementation.
Interest denoted in Dunning notes, as far as I know , is not for accounting
purposes.
Please do let me know if my view is incorrect.
Regards
VidhyaDhar
On Wed, Mar 3, 2010 at 5:29 PM, Tiger100 via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by Tiger100(SAP Job)
> on Mar 3 at 7:05 AM
> Where to assign the G/L for interest in Dunning?
__.____._ From: sap-acct@Groups.ITtoolbox.com
To: crvi69@hotmail.com
Subject: RE: [sap-acct] Where to assign the G/L for interest in Dunning?
Date: Fri, 26 Mar 2010 22:10:37 +0000
Posted by VitalCreemers
on Mar 26 at 6:09 PM
Mark as helpful
It is possible to book interest during dunning, but only if you are using contract accounting. Only in this case it possible to book it. If you are using accounts recievable the interest is only printed on the dunning letter, but there are postings generated....
Date: Thu, 4 Mar 2010 11:44:15 +0530
Subject: Re: [sap-acct] Where to assign the G/L for interest in Dunning?
From: sap-acct@Groups.ITtoolbox.com
To: crvi69@hotmail.com
Posted by Vidhyadhar (Mr.)
on Mar 4 at 1:13 AM
Mark as helpful
Hi
You may be aware that dunning is just a reminder, a form of
correspondence......which may include an interest element. As far as I
know, this interest which gets printed in the dunninng note is for
informative / report purposes only and does not carry any accounting
significance.
However, should you decide to bring interest into books of account, you may
use the node under Accounts Receivable > Periodic Processing > Interest
Calculation and even print interest forms, if required.
Please note that Interest calculation ( applicable not only for customers
but also for vendors and GL Accounts) has a detailed configuration
rigmarole before implementation.
Interest denoted in Dunning notes, as far as I know , is not for accounting
purposes.
Please do let me know if my view is incorrect.
Regards
VidhyaDhar
On Wed, Mar 3, 2010 at 5:29 PM, Tiger100 via sap-acct <
sap-acct@groups.ittoolbox.com> wrote:
> Posted by Tiger100(SAP Job)
> on Mar 3 at 7:05 AM
> Where to assign the G/L for interest in Dunning?
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VitalCreemersSAP Accounting Enthusiast
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