I have a client that has vendors that give them the following terms, 2% 10th Net 20th. In their words this means that any invoice received in January must be paid by the 20th day of the following month (February) and if it is paid by the 10th of the following month they can take 2% discount. The Net 20th is not a problem, we can handle that very well but I cannot see any way to have the system take 2% discount on any invoice as long as it is paid by the 10th day of the following month. Does anyone have a way to handle these terms.
On the Cash Discount screen
1. Check the By Date
2. In the grid enter: Day = 10 +Month = 1 Discount % = 2.0
Hi Keith Taylor,
You may try with "Net Procedure" Function to calculate discount when posting an outgoing payment to vendor.
1. Select "Net Procedure" under AP invoice--->Accounting Tab
2. Define cash discount under payment terms
When you raise outgoing payment, the cash discount field is updated with 2 %. Refer screen shot of outgoing payment screen:
For complete details on cash discount setup, you can refer "How to define cash discounts" guide from SAP Business one customer portal.
Thanks & Regards,
Nagarajan
Hi Keith Taylor,
For your scenario we need to use Cash discount option. Please refer the screen shot for your refernce..
1. Define Cash Discount in Payment term.
2. Now you have to crete your A/R invoice after completion of Delivery order.
When you proceed for Incoming payment then it'll show you Cash discount 2%.
Hope It'll help You....
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