Cash Discount received

Maintain terms of payments:

SPRO—IMG—Financial accounting—Account rec/Payables—business transactions
—incoming invoices/credit memos—maintain terms of payment
Transaction code: OBB8
Select new entries-F5
Payment terms: LEP1 Sales text: Payment terms for LEPL
Day limit: 30 Own explanation: 10days 5%, 20days 3%

Customer: Activate
Vendor: Activate

Term Percentage No of days

1 5 10
2 3 20
3 30
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Create a general ledger account for cash discount received

Transaction code: FS00
Same as all profit and loss accounts.

Define accounts for cash discounts taken

SPRO—IMG—Financial accounting—Account rec/Payables—business transactions
—out going payments—out going payment global settings—define accounts for cash
discounts taken
Transaction code: OBXU
Chart of accounts: LEPL
Press enter
Save
Account: 57—Cash discounts received
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Posting of a purchase Invoice

From easy access screen—accounting—financial accounting—accounts payables—
Document entry—Invoice-General
Transaction code: F-43
Doc.date: 10.06.2011 doctype: KR Company code: BAY1
Pos.date: 10.06.2011 Period: 3 Currency: INR

First line item: 31—Vendor credit Account:302332

Press enter
Amount: 55000

Text: Being purchase invoice raised

Next Line item:
Posting key: 40—Gl Debit Account: 52—Purchases
Press enter
Amount: *
Text: +
Menu bar—document—Simulate—save