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author's profile photo Former Member
Former Member

payment terms cash discount account in sepreate gl code

Dear Friends

customer are paid amount within due date and they allowed for cash discount. system also capture discount but it is not posted seprately as cash discount to the customer account.

for example:

customer paid advance :Rs.10000/-

next day invoice raised for Rs.2000/-

t.code f-32 knock of the invoice against advance

new AB document type generated for Rs.8030

10000-2000=8000 and cash discount of Rs.30

Customers wants their cash discount sepreatly when they see the satement of accounts f.27

Advance thanks for your tips.

Regards

Santa

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Nov 30, 2007 at 11:16 AM

    Maintain teh Gl account in the following path;

    SPRO-FINACIAL ACCOUNTING-ACCOUNTS RECEIVABLE & PAYABLES-BUSINESS TRANSACTIONS-INCOMING PAYMNETS-INCOMING PAYMENT GLOBAL SETTINGS-DEFINE ACCOUNTS FOR CASH DISCOUNT GRANTED.

    GIVE CHART OF ACCOUNTS

    GIVE THE Proper GL account(cash discount account)s

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 30, 2007 at 11:41 AM

    If you want it to appear on the customer statement it will have to be a customer open item.

    However this would then post to the recon account and not the P&L account which I expect you want.

    Also discount taken is only posted to when the invoice is cleared.

    Therefore you cant get it in a customer statement, you would need to have the information in the Billing doc.

    Remember you are offering a cash discount for early payment, this does not mean the customer is always due it. However there are config settings to say the customer should always take the discount.

    Hope this helps, if so award points please.

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 30, 2007 at 11:44 AM

    Friends

    i have got solution..when we adjust advance againg partial payment, we have to select residual tab,select the invoice and enter the cash discount amount in next field then system post a seperate line item.

    Thanks

    Santa

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