Cash Discount Clearing account

Hi all!
When i set up G/L determination, i don't know Cash Discount Clearing account will appear in what tracsaction. Can you show me any transaction relate with this account.
Thank you!

Hi Tien，
The Cash Discount Clearing Account is only used when the 'Net Procedure'
option is selected in the Accounting tab of the 'AP Invoice' function.
The 'Net Procedure' enables recording in advance of any future discount
available from purchases. In this approach, the debiting account for the
purchase is automatically reduced by the amount of the future discount.
For example, if a 5 % discount is given for a $100 Invoice, the journal
entry to record the AP Invoice will be as follows:
Dr. Inventory - $95
Dr. Cash Discount Clearing - $5
Cr. BP Supplier - $100
If the 'Net Procedure' option is not selected, the cash discount will
only be recorded upon payment of the AP Invoice. Hence, the journal
entry for the AP Invoice will be as follows:
Dr. Inventory - $100
Cr. BP Supplier - $100
Hope it could be helpful.
regards,
Eleven

Similar Messages

Cash discount clearing (Net method)

All
I require clarification, There are two scenarios. One to calculate discount while making payment and another one is while booking invoice.
I am clear regarding "To calculate discount while making payment"
I am not clear on "To calculate discount whlie invoice booking". I am aware of the FBKP config settings
I had gone thru the SDN links and not clear of "The Cash Discount Clearing Account is only used when the 'Net Procedure'
option is selected in the Accounting tab of the 'AP Invoice' function."
What is that "AP invoice function". Where can we find ?
Regards
Raj

Hi Raj,
We have configured our ECC6.0 system to the Gross method, which means that at the time of the payment program, it takes the discount (if applicable). My understanding of the Net method is that it calculates the discount at the time of the invoice posting HOWEVER we chose not to use that method, because the Amount Split tab is not available in that method and we need to split our invoices for tax reasons (where part of the invoice is tax reportable/deductable but not all).
To configure GROSS vs NET discount:
1. set up an expense GL account for Gross. Set up a balance sheet account for Net
2. Goto FBKP, Automatic Postings, Cash discount and payment differences, Cash discount clearing (SKV) and enter the expense GL Account. (the NET method needs a balance sheet account GL here)
3. Then go to SPRO
Under Financial Accounting (New)\AR&AP\Business Transactions\Outgoing Payments\Outgoing Payments Global Settings\Define Accounts for Cash Discount Taken (OBXU)
For Gross setting, enter the same expense GL Account. Net setting should have the balance sheet account.
4. Under Financial Accounting (New)\AR&AP\Business Transactions\Outgoing Payments\Outgoing Payments Global Settings\Define Accounts for Lost Cash Discount (OBXV)
For Gross settting, this should be blank. Net setting should have the balance sheet account here also.
5. Under Financial Accounting (New)\Financial Accounting Global Settings\Document\Document Type\Define Document Types (OBA7) for Entry View Click on all your Invoice Document Types
There is a box labeled Control data and then there is a checkbox labeled Net document type.
For Gross Config, that checkbox should be blank (unchecked).
We have found that using the GROSS setting requires us to create our own discounts lost/earned report based upon the payment program proposal logs.
Does that help?
Cindy

Cash Discount Clearing

Hi to all,
Can somebody tell me when the Cash Discount Clearing account determination (in purchasing tab) is called in SAP. I have tried many scenarios and there is none calling this account.
Can somebody help me
Thanks

Hi,
The Cash Discount Clearing Account is only used when the 'Net Procedure'
option is selected in the Accounting tab of the 'AP Invoice' function.
The 'Net Procedure' enables recording in advance of any future discount
available from purchases. In this approach, the debiting account for the
purchase is automatically reduced by the amount of the future discount.
For example, if a 5 % discount is given for a $100 Invoice, the journal
entry to record the AP Invoice will be as follows:
Dr. Inventory - $95
Dr. Cash Discount Clearing - $5
Cr. BP Supplier - $100
If the 'Net Procedure' option is not selected, the cash discount will
only be recorded upon payment of the AP Invoice. Hence, the journal
entry for the AP Invoice will be as follows:
Dr. Inventory - $100
Cr. BP Supplier - $100
Regards
Vikas
SAP Business One Forums Team

No line item for Cash discount in customer invoice

Hi Experts,
Can anyone please suggest with configuration details for customising the customer invoice, to display invoice with cash discount line item. Currently i have assigned the customer master data with payment terms to include cash discount of 10% on for invoice with credit period of 20 days.
Thanks in advance
satish

I think first thing you should be looking for is are you following net discount method or gross discount method . As that will define whether the posting of discount will be at invoice or when you post the payment document against that invoice. + you have to configure cash discount accounts before you can post in cash discount.
Net: Cash discount clearing account and Cash discount loss/gain account (At the time of Invoice posting )
Gross: Cash discount given and Cash discount recieved account (At the time of payment)

Post-Capitalization of Cash Discount for Asset

Hi,
We are in ECC 6.0 and have activated Document Splitting.
Further, have provided asset field in Define post capitalization of cash discount to assets in Document Splitting of SPRO.
After the both, my expectation is to see the entry as stated by SAP in the scenario of Post-Capitalization of Cash Discount for Asset.
But unfortunately, the discount amount is not being capitalized on the payment date, but is being posted to cash discount account.
Kindly let me know what mistake i might have carried for this.
Thanks and Regards,
Purna.
Scenario: Posted invoice for asset purchase using F-90 with payment terms as 2% cash discount if paid within 15 days.
Assume: Asset purchased on 06.01.2012 and as per the payment term if paid before 20.01.2012 i will get 2% cash discount.
Have made the payment to vendor using T-code F-53 on 10.01.2012, even though i see a cash discount is being calculated as required, but the account is an cash discount received account. Instead, what i was expecting is the asset account.
Hope, my question is being clear and i will look forward for a reply.

Hi,
Please check your config below.
IMG->FA->AA->Transactions->Acquistions->Prevent Subsequent Capitalisation of discounts...
If the indicator is set for your company code, system will not capitalised the subsequent discounts.
Regards,
Srinu

Cash discount & Overpayment,Underpayment

Kindly explain me the procedure,settings and what G/L accounts had to be assigned in obxu,obxl. for cash discount and overpayment and underpayment for customer and vendor and how about the Tolerances for user,customer and vendor what settings have to be done and how they reflect.
Thank u
Narender

A) Cash Discount-
1.Financial Accounting (New) ---> Accounts receivables and Accounts Payables --->Business Tansactions ->Outgoing Payments->Outgoing Payments Global Settings--->Define Accounts for Cash Discount Taken
T-code- OBXU
2.Enter the your chart of accounts . Choose Continue
3.Enter account number
Here 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.
4.Save your entry.
B) OverPayment /Underpayment-
Financial Accounting (New)->Accounts receivables and Accounts Payables->Business Transactions->Outgoing Payments->Outgoing Payments Global Settings--->Define Accounts for Overpayments/Underpayments
T-code-OBXL
2.Enter the your chart of accounts . Choose Continue
3.Enter account number
Again account is Expense account.Reason for creating this one is because of following reason
There is a difference in payment. The difference can result from an underpayment or an overpayment.
The difference is within the tolerance limits for an automatic adjustment posting.The difference cannot be posted via cash discount adjustments.
4.Save your entry.
Like wise,
Transaction code OBA1-Defining Account for Rounding Differences
Transaction code OBXO-Define Accounts for Payment Differences with Altern. Currency
Transaction code OBXK-Defining Accounts for Bank Charges (Vendors)
Transaction code OBXI-Defining Accounts for Cash Discount Granted
Transaction code OBYH-Defining Accounts for Bill of Exchange Transactions
Hope this is help you in understanding.
If you want more clearity, please let me know.
Regards
Parag

Transfer payment entries from cash desk clearing Acc to Bank clearing Acc.

Hi experts,
Can some one tell as how, in the in payments, the transfer of Payment entries from cash desk clearing account to Bank clearing account in ISU is done?
Thanks in advance.
Regards,
Irshad Khan.

Hi Irshad?
I'm not sure about your question. Are you talking about Transfer postings in FICA or EBS in FI/CO?
Pls be more clear.
Rgds
Rajendra

Issue for Cash Discount

Dear All
I have an issue for Customer Cash Discount. Suppose a customer sales order has been generated for Rs 100. Now in our sales order pricing procedure, we have created a discount of 2%, which would generate a net value of 98 on which sales tax is calculated. Now the Business requirement is that, if with in 4 days the payment is not recvd, we have to reverse the discount granted in the pricing procedure along with the pro rata sales tax on it. We are not booking the discount in the sales order as an expense in FI.
In Standard, system proposes a cash discount, while booking the incoming payment. however, here the tax part has to be considered for a discount, which has not been booked.
Pls suggest
Thanks & regards
Sanil K Bhandari

Hi
I have checked that. But in my case, discount is only for information as a part of SD Princing Procedure. It Does not make any accounting entry and is granted by default to every customer, before I do billing. If the customer does not pay in time, system has to pass a debit memo automatically for the discount amount and the pro rata tax calculations on it.
In Standard Payment terms, the system posts an entry to "Cash Discount" expense account in case the payment is recvd in time of four days.
Thanks & regards
Sanil K Bhandari

Cash Discount in APP

Hi All,
I am trying to run F110 but encounter the following error message:
Account xxxxxxxxx requires an assignment to a CO Object.
Actually this is Cash Discount taken account which is appearing during APP run and of P& L Account .
I have already set an automatic account assignment (e.g cost center default) in txn OKB9 to avoid posting error , when the payment program posts the cash discount line .
Please advise what could I do to avoid posting error and throw some light on Cash Discount procedure.
Thanks In Advance,
Payal

You may also want to check whether there is a tolerance day specified in FBZP, on the same screen where you would check Max cash discount or tolerance group in master data, where grace days are allowed for discounts.

FBL1N-Cash discounts grouped by assignment number

Hi All:
Could you please give ur thots on how to group cash discounts by assignment number in FBL1N.
I want to subtotal the cash discount with assignment number.
Thanks
Gita

Hi Gita,
first of all, you have to find out what kind of information you want to see in the assignment field. Then you can set it up as a sort key in the cash discount GL account's master record using transaction FS00. (Note: if you have a more complex logic that cannot be covered by a sort key, you can define a substitution rule in OBBH which can even use a user-exit if the logic is really complicated.)
Once you have the proper logic for the assignment field implemented (via sort key or substitution), you can run transaction FBL3N on your cash discount accounts and you then can define an ALV layout variant with subtotaling over the assignment field.
Hope that helps, points welcome
Csaba

*URGENT* Cash discount account configuration

Hello SAP Gurus,
We have the following requirement:
The business would like to update the GL account that is automatically posted when cash discounts are taken in the AP payment run.
Is there any functionality available in SAP to configure the cash discount account by company code or other org?
The only place I am aware of that this account is configured is through transaction OBXU and this appears to be a global setting (by world wide chart of accounts), so affects all geographies and vendor payments.
PS: Suitable points shall be rewarded.
Thanks and Regards,
Sreeni.
+91 99860 32960.

Hi Sreeni,
when evere you are posting transactions in SAP, It will defnitely belongs to one company code only. so when system will calcualte cash discount based on the terms of specified in document. it will post the cash discount in to that company code.
hope it will clear your query.
it will be configured in OBXU only
Best Regards
Ashish Jain

Payment terms cash discount account in sepreate gl code

Dear Friends
customer are paid amount within due date and they allowed for cash discount. system also capture discount but it is not posted seprately as cash discount to the customer account.
for example:
customer paid advance :Rs.10000/-
next day invoice raised for Rs.2000/-
t.code f-32 knock of the invoice against advance
new AB document type generated for Rs.8030
10000-2000=8000 and cash discount of Rs.30
Customers wants their cash discount sepreatly when they see the satement of accounts f.27
Advance thanks for your tips.
Regards
Santa

If you want it to appear on the customer statement it will have to be a customer open item.
However this would then post to the recon account and not the P&L account which I expect you want.
Also discount taken is only posted to when the invoice is cleared.
Therefore you cant get it in a customer statement, you would need to have the information in the Billing doc.
Remember you are offering a cash discount for early payment, this does not mean the customer is always due it. However there are config settings to say the customer should always take the discount.
Hope this helps, if so award points please.

RFBIBL00 Cash Discount Account

I am using RFBIBL00 to generate invoice clearings from incoming customer payments. However, the cash discount amounts are being posted to a different account than the one used when I perform the same clearing using FB05 interactively. I am an ABAPer with no FI confuguration experience. Is this a config issue?

If your question Posting invoice discounts using RFBIBL00 is solved, please mark it so.
Rob

Clearing issue Incoming payment due to Cash discount ( customers)

Hello,
During processing automatic incoming payments the system don't clear the customer open item in case the customer has taken a cash discount.
The clearing should be done automatically in the posting area 2 but now the the user needs to do manual interventions in the FEBAN in order to clear the customer
We checked the payment terms and verified the discount taken by the customer and they are ok
After investigation we guess that the original SD invoice don't send the Discount amount and Discount base amount to FI, because we saw that those fields are empty in the FI document (RV),
Also in Billing the Cash discount base field in empty...
When i tried to create a manual customer invoice those fields are well filled in and the system clears the customer open item perfectly !
Any one an idea how to fix it ?

Hello,
Thanks for your feedback but the issue is not solved.
Is there difference in clearing behaviour in case the open item posting is orginated from a SD invoice ( Billing) because as stated before, when I make a FI sales invoice (FB60) the system perfectly accepts the cash discount and post and clears in postingarea 2
Also when I consult the open item position (FBL5N) the cash discount amount field is empty which is not the case when I post an FB60 invoice
Summarized
We are usiing the automatic bank statement program ( FEBC), during posting the system post perfectly posting area 1 (FEBP) but fails the post postingarea 2 ( the system makes a payment advice) the message the system generates ' Difference to large for clearing F5263'
Many thanks for help

Discount in kind and GR/IR clearing account

Hello gurus,
we use conditions to automatically create items for discount in kind. E.g. when a user adds a new item for material A, a second item is created automatically for material B with price = 0, subitem category = 4 Discount in Kind: Exclusive Bonus Qty.
This works fine. The problem is, that the new item is not automatically marked as a free item and so commitment documents with value = 0 are created. Additionally, there is an item created in the GR/IR clearing account for every discount item (value = 0).
Is there any way to prevent this? I.e. stop SAP from creating the items on the GR/IR clearing account?
Thanks in advance
Alicia

Hello gurus,
ok, problem has been solved. The real problem was that accounting did not post GR for the free items as they should have. If they do, everything works ok. Otherwise MR11 is the only solution.
Thanks anyways
Alicia

Cash Discount Clearing account

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