To get cash discount for my payment term

[Former Member]

Hi there,

To get cash discount for my payment term, I make configuration as below

*Step 1: Create a payment term in Maintain of Payment term

On immediate payment 5 % cash discount

*Step 2: - Define acount for Cash discount taken

- Define acount for Lost Cash discount

*Step 3: Assign the payment term to my Vendor

*Step 4: Post a new invoice

*Step 5: Clear it with payment immediately

But I still don't receive cash discount

Please show me the reason and how to check configuration

Kind regards

Minhtb

[Former Member]

HI,

Follow the path

Financial accounting ->Account receivables and payables ->vendor account->business transactions->outgoing invoice/credit memos->maintain terms of payment.

In this percentage coulumn u can maintain discount rates.

Pleasa assign points if useful.

Regards,

Shradha.

[Former Member]

Hi,

I am sure I created a payment term correctly ( set 5% in Percentage and No of days is blank)

but I still don't receive cash discount