Prepare GL account balance interest calculation (OBV2) Transaction Interest Paid documents Interest paid account Dr To SBI Loan account Interest Received documents Loan to ABC Company account Dr To Interest received account Path: Same as up to Bank account interest calculation → Interest Posting → Prepare GL account balance interest calculation. Click on symbol tab Account symbol Description 0002 Interest Paid 2000 GL account - (paid) (SBI Loan account) Click on Account tab Chart of account – CHAC Acct. symbol Currency GL accounts 0002 INR 400011 (Interest Paid) 1000 INR 200015 (Loan to ABC Company) Press enter key and save. Click on posting specs tab Click on create fields (interest paid posting) Business transaction – 2000 Company code – TAST Interest indicator – IT Business area – TAMU Click on ( √ ) Debit Post key – 40 Account symbol – 0002 Credit Post key – 50 Account symbol – 2000 Press enter key and Save. Click on posting specs tab Click on create fields (interest received posting) Business transaction – 1000 Company code – TAST Interest indicator – IT Business area – TAMU Click on ( √ ) Debit Post key – 40 Account symbol – 1000 Credit Post key – 50 Account symbol – 0001 Press enter key and save. Come back.

Go to FS00 and select the GL accounts

A)    Select GL account – 100009 (SBI loan account)

Click on change field.

Click on Create/bank/interest tab.

Interest indicator – IT

Key date of last int.calc – ---- (make it blank) (repeat this process before going to interest post)

Date of last int.run - ---- (make it blank)

      Press enter key and save.

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