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Cash Discount in MIRO
Cash Discount in MIRO
Applies to:
Below configuration is based on SAP ECC 6.0. For more information, visit the Enterprise Resource Planning
homepage.
Summary
This article contains the configuration and user manual for cash discount amount expected is already taken
into consideration when the invoice is posted. The type of price control defined for the material determines
which offsetting account is posted when the stock account is posted.
Author: Binoj M D.
Company: Applexus Technologies (P) Ltd.
Created on: July 5, 2011
Author Bio
Binoj M D is working as SAP FICO with Applexus Technologies (P) Ltd. He is having expertise in
various Implementation, Support and Rollout Projects across various countries.
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Cash Discount in MIRO
Table of Contents
Net Posting ......................................................................................................................................................... 3
Net Posting for a Material with a Moving Average Price ................................................................................. 3
Configuration: ..................................................................................................................................................... 4
Maintain Terms of Payments: OBB8 ............................................................................................................... 4
Define Cash Discount Account: OBXA ........................................................................................................... 4
Maintain FI Configuration: Automatic Posting: FBKP (another Path) ............................................................. 5
Invoice Verification: MIRO............................................................................................................................... 6
Payment: F-53 ................................................................................................................................................. 8
Gross Posting ..................................................................................................................................................... 9
Configuration: ..................................................................................................................................................... 9
Maintain Terms of Payments: OBB8 ............................................................................................................... 9
Define Cash Discount account: OBXA.......................................................................................................... 10
Invoice Verification: MIRO............................................................................................................................. 10
Doc. Type should be RE Invoice-Gross ........................................................................................................ 10
Payment: F-53 ............................................................................................................................................... 11
Related Content ................................................................................................................................................ 12
Disclaimer and Liability Notice .......................................................................................................................... 13
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Cash Discount in MIRO
Net Posting
The cash discount amount expected is already taken into consideration when the invoice is posted. The type
of price control defined for the material determines which offsetting account is posted when the stock
account is posted.
Material with Standard Price
The cash discount amount is credited to the income from price differences account and debited from the
cash discount clearing account.
Material Valuated at a Moving Average Price
The tax amount is credited to the stock account and debited from the cash discount clearing account,
provided that there is sufficient stock to cover the quantity invoiced.
If an invoice contains a cash discount and taxes, more tax is posted with the invoice than should be, as the
cash discount is not taken into account. When payment is made, the system automatically corrects the tax
payment: The tax amount for the cash discount is credited to the input tax account.
The input tax account is debited with $15 when the invoice is posted. However, only $95 (100 - 5%) is to be
taxed. Therefore, the tax to be paid is 15% of $95 = $14.25. The difference of $0.75 is credited to the input
tax account when the invoice is paid.
It is also possible to post the goods receipt net. In this case, when an invoice is entered, only the GR/IR
clearing account is cleared and the vendor account credited.
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Cash Discount in MIRO
Configuration:
Maintain Terms of Payments: OBB8
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Cash Discount in MIRO
Double click on Cash Discount Clearing (net method) with Transaction Event Key ‘SKV’.
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Cash Discount in MIRO
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Cash Discount in MIRO
We can also give cash discount manually in Discount column. If we not specified any amount in discount
column, it will calculate discount based on terms of payment.
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Cash Discount in MIRO
Payment: F-53
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Cash Discount in MIRO
Gross Posting
If an invoice contains a cash discount and taxes, more tax is posted with the invoice than should be, as the
cash discount is not taken into account. When payment is made, the system automatically corrects the tax
payment: The tax amount for the cash discount is credited to the input tax account.
The input tax account is debited with $15 when the invoice is posted. However, only $95 (100 - 5%) is to be
taxed. Therefore, the tax to be paid is 15% of $95 = $14.25. The difference of $0.75 is credited to the input
tax account when the invoice is paid.
Configuration:
Maintain Terms of Payments: OBB8
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Cash Discount in MIRO
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Cash Discount in MIRO
Payment: F-53
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Cash Discount in MIRO
Related Content
For more information, visit the Enterprise Resource Planning homepage.
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Cash Discount in MIRO
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