Entering Cash Discount Data
The cash discount agreements for a vendor can be stored in the vendor master record. They can then be copied from the purchase order, where they can be changed.
When you enter an invoice, the agreements (from the purchase order, if available, otherwise from the vendor master record) are displayed as default values on the vendor screen in the section Payment control. These values can be overwritten.
The following fields also have to be filled out:
This field specifies the starting date from which the days for the terms of payment are valid. The date proposed by the system can be changed, if required.
If the amount qualifying for cash discount is different from the invoiced amount, you must enter the correct amount here.
In this field you can enter a fixed amount which the vendor in the invoice grants as a cash discount. If you fill out this field, the system will ignore the displayed terms of payment.
In this field, the system displays a key for the terms of payment, if any are stored in the system. These agreements come from the purchase order or from the vendor master record. To the right of the screen, the system displays the actual terms, that is, the period in which cash discount is to be granted, the percentage discount, and the date on which the invoice is payable net. Both the key for the terms of payment and the values belonging to the key can be overwritten.
If no values are proposed, you can either enter a key or the days and percentage rates.