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Cash Discounts in SAP

by on January 13, 2013

Create a GL A/c of “Discount Allowed” under “Indirect Expenses”    (FS00), Assign Field status group :G001

Follow the below mentioned path to configure “Terms of Payment” (OBB8)

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Click on “Maintain Terms of Payment” ,The following screen Appears

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Click on “New Entries”, follow the next screen

ImageTerms of payment has been created,

Now we need to configure for Cash Discount (OBXI) or Follow below mentioned path

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In this step, you define the account numbers for your cash discount expense accounts. The system posts the cash discount amount to these accounts when clearing open items.

Note

Your specifications are dependent on the chart of accounts. You can additionally distinguish your specifications by tax code.

Activities

    1. Specify your accounts.
    2. Make sure that the accounts are created.

Chart of Accounts: “Company Code”

Click on “Accounts”

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Click on “SAVE

Now we need to “Modify Customer Master Data with Discount Term” (FD02)

  1. Select the “Customer”
  2. Click on “Company Code Data”
  3. Select “Payment Transactions”
  4. Terms of Payment : “Company Code”
  5. Click on “Save”.

Raise Sales Invoice Under F-22

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Retain the “Payment Term” to allow Discount or else delete the term not to allow the Discount

Post the entry.

Incoming Payment (F-28)

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fill the data as mentioned above with full amount

Press”ENTER”

Click on “Charge of Diff” ,the following screen appears

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Double click on Bank line item(HDFC Bank)

Amount: Modify Amount,100000*5%=5000

=100000-5000 =95000

Click On Document & Simulate, Finale entry ll be

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One Comment
  1. Cristina V. permalink

    Hi! Thank you for sharing your knowledge and the great documentation. Have you ever encountered a situation when the cash discount account had to be different by Company Code? Or Cash discount account was to be set up as a Balance Sheet account instead of P&L?
    Thanks a lot for any details!

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