Dear Experts,
I have came across a scenario from client, where the client has opened GL of Saving Account e.g. GL 600XX1 pertain to Barclays Saving Account. The interest calculation is based on the balance at day end.
Now For Example, client invest e.g. Rs. 1 million @ 6.5% per anum on 01-Jan-2016. And a payment to vendor of Rs. 100,000 has been made from the same account on lets say 02-Jan-2016. The calculation in excel will be as follows:
| Date | Amount Invested | Payment Made | Amount Remaining | Interest Rate | Interest Earned |
| 1-Jan-16 | 1,000,000 | - | 1,000,000 | 6.50% | 178.08 |
| 2-Jan-16 | 1,000,000 | (100,000) | 900,000 | 6.50% | 160.27 |
User wishes to calculate the amount of Interest at month end in SAP.
Is their any way we can achieve this?
P.S. We are on classic GL.
Regards,
Amar Lal