PT Sterling Tulus Cemerlang
www.sterling-team.com

Whatsapp
+62-877-8655-5055

Email
sales-enquiry@sterling-team.com

Address
Sampoerna Strategic Square
South Tower Level 30
Jl Jend. Sudirman No. 45-46
Jakarta 12930 – Indonesia

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Cash Discount in Payment Terms

SAP Business One Tips Cash Discount in Payment

In a business, there are several ways to increase cash inflows to the company, one of which is by giving offers to customers and luring them to make early payments. Frequently used offers are special discounts for customers who make early payments.

In SAP Business One, these settings can be set automatically using Payment Terms.
Payment terms can be accessed in the Administration -> Setup -> Business Partner -> Payment Terms menu

To make the Setup, follow these steps:

  1. Create Payment Terms
  2. Define Base Due Date
  3. Select Define New in the Cash Discount Name
    SAP Business One TIps - Cash Discount in Payment Terms
  4. Give Code and Name on the Cash Discount
    SAP Business One TIps - Cash Discount in Payment Terms
  5. Determine the Base Discount for the Cash Discount from which date
    SAP Business One TIps - Cash Discount in Payment Terms
  6. Determine what the discount calculation is like. Example (Within 10 days after posting a Date, it can disc 2%). You can also add other discounts on different days.
    SAP Business One TIps - Cash Discount in Payment Terms
  7. After completing the Cash Discount mechanism, you can then select the Cash Discount that has been made.
  8. After that, Select Update so that the Payment Term created is saved.

If the Payment terms setup has been made, then we can arrange the Invoice / Business Partner document which is indeed applied to the payment terms policy.

In the example setting above, the payment term applies when the invoice is paid on or before the 10th day after the invoice is posted. Discount does not apply if the invoice is more than 10 days old.

The following example is attached when an invoice payment is made before the 10th day of the Posting Date made on the invoice:

SAP Business One TIps - Cash Discount in Payment Terms

By making early payments, customers get a discounted discount. Here are the results of the journal posting of the invoice:

SAP Business One TIps - Cash Discount in Payment Terms

Also read:

Run Your Business With The Piece of Mind Using SAP Business One

This article was written by PT. Sterling Tulus Cemerlang
More details about SAP Business One,
email to: sales-enquiry@sterling-team.com or call +6221-5806336 or wa +6287786555055

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