This document is to introduce the cash discount net procedure briefly.
There are 2 different procedures when receiving cash discount from vendor:
- Net procedure
System will calculate cash discount at the time of invoice posting and the same is realized at the time of making payment. If the payment is overdue, the amount of discount lost will be shown as an expense.
- Gross procedure
System will calculate cash discount at the time of payment posting.
I will introduce the net procedure in detail since gross procedure is easy to understand.
Configuration for net procedure:
Document type, we use document “KN” as default document type of net procedure. You can also use another one, but it is necessary to check flag “net document type” in OBA7.
- Configure cash discount clearing account (SKV)
- Configure lost cash discount account (VSK)
Balance result for different scenarios in net procedure:
① vendor invoice
② Payment posting
- Payment with the case discount period
- Payment after deadline
The following is the real exmaple:
1.Post vendor invoice:
2. Clearing it in F-53