OFIR SAP tcode for – (Penalty) Interest rate entries

Here we would like to draw your attention to OFIR transaction code in SAP. As we know it is being used in the SAP PSM-FG (Functions for U.S. Federal Government in PSM) component which is coming under PSM module (Public Sector Management). OFIR is a transaction code used for (Penalty) Interest rate entries in SAP.

SAP OFIR transaction code

It comes under the package for Prompt Payment Act (FMFG_PPA_E). When we execute this transaction code, is the normal standard SAP program that is being executed in background. Transaction code OFIR is included in the SAP component for EA-PS.

Transaction OFIR technical data table

Usage(Penalty) Interest rate entries
Sub ModulePSM-FG-PP
Program running