payment term functionality

[Former Member]

Does SAP have the ability to grant a discount on an invoice, but only if paid within a certain time frame? I created a payment term with a 2% discount and due date = posting date + 30 days. I was hoping the invoice would post for $1,000, but that the discount would apply if payment was entered within 30 days into SAP.

However, SAP just reduced the invoice by 2% right away so it totaled $980. Now if my customer pays me late they are only going to send $980. They should be sending me $1,000 since they are not paying within 30 days.

Am I missing a step in the setup?

[Former Member]

As the name implies, B1 has only support Cash Discount. That means the payment term you set up is all for cash discount only. Or in another word, you already got the payment or already paid. The future discount is not supported as of now.

Thanks,

Gordon

[Former Member]

that's pathetic of SAP, but thanks for confirming.

[Former Member]

Hi Robert ,

I am not sure what you mean .Even if you set up -Payment term 2pNet 30 , it doesn't affects your invoicing amount .

Invoice doesn't get discount automatically 2% ,however while doing incoming payment ,it does take 2% discount as you have specified .

If you want , you can overide the discount percentage at the incoming payment ..

Your 2% discount miight not be coming from payment term , it might be coming for discount set for Business partner .

Please review your setting ..

Tested on 2007 A patch 47

Thank you

Bishal