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Hi Nitin,
The usual commercial practice is to avail discount on the paid amount ( am
assuming that you are settling the invoice in full on a date which is
earlier than the due date) and the discount benefit is calculated for the
between the start date ( called as baseline date) and the actual date of
payment at the discount rate mastered. This is actually the benefit you are
getting. The issuer / recipient of the discount as the case may be ( viz.
your business partner) would not allow discount for days after which payment
is settled. This is the conventional practice.
However, if you want to do it your way ( I don't see why you want to do
this!), you could try initiating a daily installment payment term
(pre-computed and configured accordingly). But , this is , in my opinion,
very cumbersome and does not serve much of a logical purpose and I would
prefer to avoid it, personally.
Regards
VidhyaDhar
| | | ---------------Original Message---------------
From: nitinjindal
Sent: Saturday, October 23, 2010 11:04 AM
Subject: Cash Discount
In SAP Cash Discount is getting calculated on flat days,
like
MIRO Posting date : 01.01.2010
Due Date for Payment is 31.01.2010
Payment made on 19.01.2010
Cash Discount is terms are :
with in 10 days 3%
With in 20 days 2%
System will calculate 2 % flat discount on Invoice Amount,
This is not required. The requirement is to calculate the Cash Discount on balance 11 days and provision is there to enter the cash discount rate at the time of making payment.
Thanks
Nitin Jindal |
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