During clearing, the system can automatically post:
Cash discounts paid or received
Gains or losses from under/overpayments
Input/output tax and withholding tax
Bank charges
Gains or losses from exchange rate differences
Entries to clear the account for cash discount clearing in the net method of posting
To have the system post these items automatically, you have to define the accounts that should be posted to.
See also:
Gains or Losses from Under/Overpayments
Where are automatic postings explained?
Function |
Section |
Cash discount postings Tax adjustments and withholding tax |
Terms of payment and cash discounts Taxes |
Exchange rate differences |
Foreign currency |
Cash discount clearing for the net procedure |
Terms of payment and cash discounts |