Vendor Invoice - Outgoing Payment -How to apply cash discount automatically

[Former Member]

Hi Folks,

My Vendor is 400000 - whose payment terms is : 0002

I posted a vendor invoice using FB60 :

where i checked the payment terms is 0002 3% Cash Discount within 14 days

2% Cash discount within 30 days

Net within 45 dats

Default for Baseline date : Posting Date.

My Document Date and Posting date are both same: Invoice Document and posting date : 07/31/2008

I tried to make a payment using F-53, where the Cash Discount is not applying automatically. It is asking me to manually enter the cah discount @ 3%.

What should i do to make cash discount apply automatically.

Thanks and Help will be surely rewarded.

Matthew

[Former Member · Accepted solution]

Hello,

When you run F110 it will automatically pickup the discount but for manual payment I guess you need to enter in F-53 or you can enter the discount amount when you are posting invoice in FB60.

Thanks,

Harish R

[Former Member · Accepted solution]

Hi Hareesh,

Thanks for your reply,

I don't have any problem with F110. I have only problem with F-53.

I tried Customer Invoice (FB70) and Customer Incoming Payment (F-28). Here the Cash discount is being applied automatically. Its not asking me to enter manually. I don't know , why there is a difference.

Could you please help me out??

Thanks.

Matthew

[Former Member · Accepted solution]

Hello I just checked in my system it is automatically picking even if I am not taking the discount....check the payment terms....

ex : I have invoice for 500 with payment terms 1% discount

When I pay 500 in F-53 the system is showing me the net amount 495.

When I pay 495 the system is also showing me the net amount of 495

You might want to have a look at the payment terms.......

Make sure when you enter the amount in F-53 and press "Process Open Items", you have the discount percent populated automatically in the CashD% field.

Thanks

Harish

Edited by: Harish R on Aug 1, 2008 3:19 PM

[Former Member · Accepted solution]

Hareesh,

Mine is not picking up. May be i should be do some internal config or settings. I don't know where i should do that.

One more thing is even my payment terms is 0002 ie., 3% within 14 days. Even if I post full payment it is allowing me to post the document without discount.

Could you please tell me where i should do internal config for picking up the discount amount automatically.

Thanks,

Matt

[Former Member · Accepted solution]

I guess it has to do with the payment terms configuration.......Are you having the field CashD% populated automatically in F-53 when you choose process open items?

[Former Member · Accepted solution]

yes: but not the discount amount. Cash discount % is getting populated automatically. But not the discount amount. I don't know why.

Thanks

[Former Member · Accepted solution]

try double clicking the cash discount field.....

[Former Member]

Hi Creasy Matthew,

For this query you check weather u given payment terms details in vendor master or not and check the reconcilation gl account gl master field status .these both have any mistaken the query would come

This information is useful to you

Regards

Surya