vendor discount

[Former Member]

What is the posting key for vendor discount ?

Like FR1 for fright

is it maintained in OBYC?

i need vendor discount to be captured in MIGo/ MIRO and to be reconcilled in every month

What is the procedure?

pl help

matter is urgent

Guru

[BijayKumarBarik]

Hi,

Ok .Follow my Second answer and Go to T.Code FBKP ,Click Cash Discount/Payment Difference group ,then double click on SKE tranaction key and then assign Cash discount received G/L account and save.

Note*******Before that ask ur FICO guy to Cretae a G/L for Cash discount received.

Hope it helpful and reward.

Regards,

Biju K

[Former Member]

Dear Biju,

In MIGO i can see the vendor discount , but in MIRO discount not appearing it says full payment to vendor

what to be done

matter is urgent

guru

[Former Member]

Hi

Please be clear you are requirement?

You need the Discount or Rebate.There is lot difference between a disocount and rebate.

Discount normally dependent conition and the value will be passed to the material Where as the Freight and Rebate conditions are maintained as acrruals and the values for this conditions are posted to separate G/L account with the help of accounting key assigned.Freight and Rebate are settled periodically based the requirements.

You can observe the difference between the Discount and Rebate conditons type in details of the same.

Regards

Ramakrishna

[Former Member]

Dear all,

I am working on discount only

I created a vendor discount say 5% in MEK1 thro RL01 ctype

when i release PO, do migo, miro onle net price after discount is updated in system

i need to trace the discount amount and same to be posted in a separate GL account

monthly once same to be reconcilled

what steps i need to do inpricing procedure against RL01

i need to monitor in which HL all vendor discounts are posted

pl reply

Guru

[BijayKumarBarik]

Hi,

You can maintaion a Condition type in Pricing Procedure , so it will come as net price( material price / discount) in Purchase Order.If u will go to Condition details you can get material Gross price( Including all the taxes) You can use R000 0r R001 or R002 Condition type.Follow the process PO, GR. IV,Payment

OR

If your vendor giving discount after IV,You can use T.Code: F-53, go to process open items and select Cash discount field and enter your discount amount.Now Simulate and Post.

If help then reward and Close the question.

Regards,

Biju K