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Former Member
Feb 20, 2009 at 07:49 AM

Issue for Cash Discount

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Dear All

I have an issue for Customer Cash Discount. Suppose a customer sales order has been generated for Rs 100. Now in our sales order pricing procedure, we have created a discount of 2%, which would generate a net value of 98 on which sales tax is calculated. Now the Business requirement is that, if with in 4 days the payment is not recvd, we have to reverse the discount granted in the pricing procedure along with the pro rata sales tax on it. We are not booking the discount in the sales order as an expense in FI.

In Standard, system proposes a cash discount, while booking the incoming payment. however, here the tax part has to be considered for a discount, which has not been booked.

Pls suggest

Thanks & regards

Sanil K Bhandari