Skip to Content

Payment terms - SAP Business One 9.0

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.

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

3 Answers

  • Posted on Jan 10, 2014 at 02:28 AM

    On the Cash Discount screen

    1. Check the By Date

    2. In the grid enter: Day = 10 +Month = 1 Discount % = 2.0


    Cash Discount.jpg (31.4 kB)
    Add a comment
    10|10000 characters needed characters exceeded

  • Posted on Jan 10, 2014 at 03:27 AM

    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


    12.JPG (43.7 kB)
    13.JPG (18.1 kB)
    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jan 10, 2014 at 04:03 AM

    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....


    1.JPG (74.8 kB)
    2.JPG (96.6 kB)
    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.