Show TOC

Object documentationCash Discount - Setup Locate this document in the navigation structure

 

Use the Cash Discount window to customize how discounts are applied.

To open this window, choose   Administration   Setup   Business Partners   Payment Terms   and select Define New in the Cash Discount Name field.

Code, Name

Define a code and a name for the cash discount.
By Date

Sets fixed dates for discounts.

In the Day and Month columns in the table below, you specify the exact date until which the discount is effective.

Example Example

The values entered for Day and Month are 15 and 1 respectively. The cash discount is effective until the 15th of the following month.

End of the example.
Freight

Applies a cash discount to freight.

For every cash discount defined in your company, decide whether the discount amount calculated on the invoice total includes freight.
Days After Posting Date, Discount %

You can define a hierarchy based on days.

Specify the number of days after the document's posting date for which the discount is given.

Example Example

An invoice was issued on August 1. According to the customer’s payment terms, the payment must be made by August 31. If you define a cash discount of 10% for payment after 5 days and a 5% discount for payment after 10 days, a customer who pays his debt by August 6 receives a 10% discount and a customer who pays between August 6 and 10 receives a 5% discount.

End of the example.
Country-Specific Fields: USA
Sales Tax

Applies a cash discount to sales tax amounts.
Country-Specific Fields: Portugal
Apply VAT Correction

Posts the VAT discount amount to a VAT correction account.