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Former Member
Jan 08, 2012 at 04:59 PM

Vendor cash discount

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Hi experts

please give me solution for how to calculate the cash discount on vendor line items

as per the payment term within 30 days 15% cash discount , if we pay the amount before due date(any day from 1 to 30 days) we will receive the cash discount as per standar system , cash discout =amount percentage/100 (ie 10000015%)

But My requirement is like this

paymant term is within 30days 15% cash diacount

baseline date is 1.12.2011

my payment date is 11.12.2011

i want to calculate cash discount like this Casch sdiscount =10000015/10020/365( 20 days before net due date)

is it possible to calculate the cash discount like this.

please advice me any otherway to do this requirement