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Former Member

Cash discount received from vendor through APP

Hi All,

is it possible post cash discount from vendor through APP(F110) ? if possible, pls suggest me along with settings and cash discount account  has to post automatically as same as  manual payment (F-53).

Regards

Viru

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4 Answers

  • Best Answer
    Feb 08, 2014 at 10:24 AM

    Hello Viru,

    Yes it is possible, please follow below steps.

    Create GL Cash discount received through FS00.

    Create Payment term with cash discount setting through OBB8.

    Assign this Terms of Payment to vendor master.

    Assign Cash discount received GL to OBXU screen with transaction key SKE.

    Post vendor invoice.

    Make payment through F110, system will automatically post the entry to Discount received GL once will find under cash discount period.

    Vendor      Dr     10000(INR)

    Bank         Cr     9700

    Cash Dis  Cr     300 (on 3% discount)

    Regards,

    Kalim

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    • Hi Ram,


      I have small doubts.

      If I post an invoice on 03.02.2014 with above payment term and my basline date is also 03.02.2014 but I am doing payment on 13.02.2014 then why should I not give next payment date minimum as 14.02.2014(Basline date + 11 days) as due on 13th and overdue on 14th instead of minimum Today+ 10 days(23.02.2014)

      Regards,

      Kalim

  • Feb 07, 2014 at 01:46 PM

    Hi Virupaksha,

    Try exploring setting up of payment terms (OBB8) with discount. Use this payment term to the vendor, APP should be the one to calculate for the cash discount.

    Hope this helps!

    Best Regards,

    Jayj

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    • Former Member

      Hi Joseph,

      Thanks for ur suggestion.... i defined same as u said  payment terms and assigned to vendor master , crated Cash discount Received- GL then assigned it to transaction key-SKV (OBXU) then posted invoice with F-43 then try to execute  APP, but while executing the APP, Error occur  ie "Company code XXXX \ XXXX do not appear in the proposal :Correct" once  i got this error, again i deleted the proposal & Parameters, even checked previous payments & Proposal but all were successfully done the payments but still error alive ...why ?? if  i paid by  manual payment (F-53), cash discount received GL will be posting...but by APP error occurs as above..

      Thanks

      Viru         

  • Feb 07, 2014 at 04:56 PM

    Hi,

    Please go through below link

    Automatic Posting for Cash Discount Granted

    This will help you in understand and configure Cash Discount.

    Regards,

    Vivek

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    • Former Member

      Hi Vivek,

      Thanks for ur suggestion...

      I believe, the above link will help for manual payment (F-28) with cash discount granted (Paid) but my requirement is cash discount received from vendor through APP...

      Thanks

      Viru   

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    Former Member
    Mar 14, 2015 at 09:37 AM

    Hi,

    Below are the steps for posting the discount through APP:

    1. Create Payment terms    :     10 days 3% dis, 20 days 2% dis, 30 days due

    2. Assign payment terms to Vendor and Customer Master data

    3. Create Vendor invoice:

                                            invoice date: Today's date (15.03.2015)

                                            posting date:Today's date (15.03.2015)

                                            baseline date: Today's date (15.03.2015)

    4. APP Run        :    

                                  Run date : Today's date (15.03.2015)

                                  Next payment run date: Today's date (15.03.2015) + 10 days(to avail discount)

                                                                         (15.03.2015 + 10 days = 25.03.2015)

    I hope it will help you in resolving your issue.

    Thanks

    Vishal

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