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Former Member
Jun 06, 2008 at 01:29 PM

payment discount calculation

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Hi Experts,

I want to understand the payment discount calculation.

We use SBO2007A with (BSP) Bank Statement Processing, (but that does not differ much from incoming or outgoing Payments.)

When posting a incoming or outgoing payment, the calculation of the discount, based on the payment terms, does calculate with the systemdate and not with the posting date i entered manuallyy in the program.

I would like to have the folowing situation:

Example:

Invoice date: 1e may, due date is 31 may

payment terms: 30 days 1% discount. No tolerance days. Invoice amount Eur 100.

When i post the payment (systemdate = 1 july) with the postingdate = 31 may, the payment discount will NOT be calculated .

When i post the same transaction and i set the system date to 31 may, then the discount will be calculated.(1% of EUR 100 = Eur 1)

Is this correct?

Please advise.

Kind regards

Henk Tjassing

Edited by: Philip Eller on Jun 26, 2008 11:03 AM