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author's profile photo Former Member
Former Member

To get cash discount for my payment term

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

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 31, 2008 at 08:39 AM

    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.

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