Lockbox with Discount amount

We have the cash payment term of 10 days 1% discount and 30 days net due. in some cases customer pays the whole amount before 10 days but does not take any discount. When the lockbox file comes it posts the discount as a credit to the customer account. Is there any way we can do it w/o giving credit to the customer. Is there any standard way w/o enhancement to do this?

Hi Nimit,
Did you find a standard way to do this or did you use user-exits to accomplish this?
Anyone - if there is a standard way to do this, can you let me know?
Thanks,
Nile

Similar Messages

Lockbox issue for discount amount and incorrect reference

Hi All,
While doing Lockbox processing through FLB2, for certain payment advices discount was not recorded and it was posted directly by the system in price difference(maintained in Reason Code). Also, system did not prompted an error message for the invoice paid with incorrect reference and not even processing to On Account.
In total of discount amount and invoice amount paid with incorrect reference posted to GL Account maintained in one of the Reason codes automatically.
Where could be the error in configuration point of view to check, please advice with your expertise.
Thanks,
Likhit

hi ,
can you pl help me in sending the lockbox config and test file & testing process as my client needs lockbox set up?
i would be thankful to you if could help me inthis regard.
mail: [email protected]
regds,
raman

With holding tax base amount for 1099 vendors with discounted payment term

Hi Friends,
We have a below situation for 1099 vendors,
Some of the 1099 vendors are set-up in the system with payment term with discounts i.e. 2% if paid within 10 days
As per config, system posts with holding tax base amount at the time of posting payment.
With holding tax rate is 0%,
Based on modified net amount calculation
and
Cash discount calculation before w/tax calculation
When we have vendor with input tax, system excludes tax amount at the time of payment but for the with holding tax base calculation amount system does not exclude input tax type.
Which causes difference in 1099 misc vendors
Below is the example of how system calculates the amount.
Invoice $ 1000, payment term 2% if paid within 10 days. Input tax 7.25%
Payment going out=
$1000- $ 72.5(tax 7.25%) = $ 927.5 18.55 [2% discount] = $ 908.95 (payment amount)
With holding base calculation =
$ 1000 100 (2% discount) = $ 900
Difference between payment going out and with holding tax base = 908.98 900 = 8.98
Can some one please tell me how to get rid off this difference?
Moreover, please tell me if its normal to have 1099 vendors with discounted payment term.
Any thoughts on above situation will be helpful
Edited by: Shefford William on Jan 28, 2008 11:36 PM

Dear All
i am also having the same problem. The example is
Net invoice Value   = $ 100,000
Input Tax @ 15%   = $ 15,000
Total Invoice Value = $ 115,000
Cash Discount = 20% with in 20 days
On payment the system behavior should be
Debit Vendor invoice Value   = $ 115,000
Debit Cash Discount @ 20%    = $   20,000   ( 20% of the Net Invoice Value that is 20% of $ 100,000)
Credit W/H Tax deduction @ 3.5% = $ 3,325 ( 3.5% of 95,000 the Inv Value - Cash Discount that is $ 115,000 - $20,000)
Credit Bank Account = $ 91,675 ( Inv value - Cash Dic - W/H tax that is $ 115,000 - 20,000 - 3325 = 91,675)
However at the time of payment system is calculating tax as follows
Debit Vendor invoice Value   = $ 115,000
Debit Cash Discount @ 20%    = $   20,000   ( 20% of the Net Invoice Value that is 20% of $ 100,000)
Credit W/H Tax deduction @ 3.5% = $ 3,220 ( 3.5% of 92,000 the Inv Value - Cash Discount that is $ 115,000 - $23,000. This $ 23,000 is only calculated for W/H tax calculation that is 20% of $ 115,000 )
Credit Bank Account = $ 91,780 ( Inv value - Cash Dis - W/H tax that is $ 115,000 - 20,000 - 3220 = 91,780)
this is not the common practice when using the net base value in the system.
Can any one help me in this regard. I really have been stucked in this problem for many days
Regards
Bilal Athar

HT201359 I purchased the program from before, why was the discount amount on a program previously purchased

I purchased the program from before, why was the discount amount on a program previously purchased
Item     Developer     Type     Unit Price
Learn English with busuu!, A1 - Beginner
Report a Problem      Busuu Limited      In App Purchase     $4.99
Order Total:     $4.99
Please retain for your records
Please See Below For Terms And Conditions Pertaining To This Order.
Apple Inc.
You can find the iTunes Store Terms of Sale and Sales Policies by launching your iTunes application and clicking on Terms of Sale or Sales Policies
Answers to frequently asked questions regarding the iTunes Store can be found at http://www.apple.com/support/itunes/ww/
Apple ID Summary • Purchase History
Apple respects your privacy
Information regarding your personal information can be viewed at http://www.apple.com/uk/privacy/
Copyright © 2011 Apple Inc. All rights reserved
<Personal Information Edited by Host>

Sorry, but I don't understand your question. What "discount amount" are you referring to?

Error payment amount and discount amount for the scheduled payment

we need to know if the system update automatically the payment amount when change the discount amount for scheduled payment

Hi Peter,
I'm talking about the A\R invoice.
The supplier sent his invoice with document date 1/10/2008 and his payment terms is payment within 30 days.
We receive the invoice at 3/10/2008 and after control etc. we will post the invoice at 7/10/2008.
If we use the posting date as a base for the due date, the invoice have to be paid at 6/11/2008, but the suppliers due date is 31/10/2008 and that's a difference of 1 nearly week.
If there are problems (f.e. caused by ourself) and the invoice will be booked at 20/10, we still have time to pay it before the due date 31/10 instead of 19/11/2008)
I think that the supplier will not be amused if we use the posting date as the base for calculating the due date.
We can discuss what's right to use, but SAP B1 gives the opportunity to choose between Doc.date, posting date and system date as a base for calculating the Due date but for cash discount it's automatically the posting date??
Best regards,
Carl Verhagen

Cpmmercial paper with discount cash flows

Hello Experts,
Business user wants to create CP with discount with discount selection in structure screen but still investement and fianl repayment show the full payment flow not with discount. Ex. CP purchase of 100000 with 1% interest with discount should show 990000 for investmenet and final repayment and 1000 as interest payment. But cash flows still have show full amount of 100000 not discount flow of 1000. Any input how to create CP flows with discount.
Thanks

When I enter interest rate, the payment rate gets filled automitically with rate% but still the cash flows shows 10000 and interest of 1000. Since our client purchase CP on discount, therefore they want to post the dicounted amount of 99000 as payment amount and final repayment .
The flows should look like below
investment 990000 ( not 100000 )
interest amount 1000
final payment 99999 ( not 100000 )
but in the system shows full amount not discounted on. Any insight on this

Discount amount

Hi all,
To our customers we sometimes wants to give a discount in the form of an amount instead of a %.
We can use the field down at the right after Total before discount but that's not what we want to use, because..
We use the XL reporter to create sales analyses and the most reports take their data from the position (articleno's, qty,pos.totals) and not from the total document.
Think f.e. a report which shows the salesfigures per customer per article.
Also the discount amout put in this field will not be calculated back in the position totals.
Also dividing the total discount amount over the number of positions and put it in the position price after discount field is not an option.
Is there maybe another way to handle this, but not by the use of a creditnote?
Please advise.
Best regards,
Carl Verhagen

Hi all,
I've a solution for my problem.
I thought it wasn't possible when we started with SAP B1 in 2008, but now it's working (again?).
In the sales order we use the "article nr. Credit amount" which is not really at stock, but it's more a service article like "Transport".
The qty. will be -1, so the row total for this "Credit amount" article will be a negative amount. (the total document discount amount)
We can deliver this negative qty. together with the other real articles and invoice them at the end.
In the XL reports a negative amount appears for the "article no. Credit amount" and so the sales figures are o.k.
Also the "receipt" of 1 pce. of this credit amount article after booking the delivery is o.k. as it's a fake stock without a costprice.
Must be working again after a patch update after the start of SAP B1.
Best regards,
Carl Verhagen

Discount Amount Problem in PO Smartform

Hi Experts,
I'm Working on a po smartform.I need to display quantity, rate, discount & netvalue
in line items.I'm using 2 internal tables.when displaying discount amount only first
line item of discount amount is getting repeated sll the time, while rest of the line items are displaying fine.I'm a newbie to smartform.Can Some body send me a piece of sample code to display the discount amount correctly & Also the net value should be dislayed by deducting gross price from discount.
I'm using ekko, ekpo , konv tables.Any HElp would be appreciated.
Regards
Ravi S.

Hi
while fetching data from KONV you might not be passing the EKPO-EBELP field to KONV-KPOSN field along with EKKO-KNUMV to KONV-KNUMV
and KSCHL field for discount
check this and see
regards
Anji

Display minus sign from "$-" while printing the discounted amount

Hi,
We are trying to print the discount amount today using following function: <?xdoxslt:pat_format_number(sum(LINE_TOTAL_ADJ_AMT),'¥##,##0','ja-JP')?>
Since the discount is negative amount always, we show it as '-¥', but the user wants to see it as '¥-'.
Please to understand how can achieve that?
Thank you for your help in advance,
Saroj

Check the code, i hope it serves your purpose...
data:
var(10),
length type i.
var = '300-'.
write var.
length = strlen( var ).
length = length - 1.
replace first occurrence of '-' in var+length(1) with ''.
concatenate '-' var into var.
write:/ var.
Reward points if useful, get back in case of query...
Cheers!!!

Sales order with discount

Dear All,
I need to create sales order with discount (30%) , based on the volume, if total sales is over $5million per annum.
I like your help , if you could kindly indicate complete Prerequisites and Process flow, for this sales order.
Thanks.
Naz

Hi
i want to clear u about the difference between discount & rebate.
Discount is always calculated in the sales order where as rebate is at Billing document.
If u want to give a discount then u have to give it in sales order level.....
u said that u want to give discount of 30% if the annual sale will reach $ 5 millon.
u will not process all the sales order for a year at a single point of time.
in that case u will not give any discount....since u r processing the sales order through out the year.
u can make a rebate agreement for that, in which u can maintain 30% rebate.. rebate amount will accrued and when ur customer reached $5million mark u can go for partial settlement or in the end of the year u can go for final settlement through credit memo.
so instead of discount u have to maintain rebate agreement.
I hope it will help u.
Regards
Dibya

"Trying to create a journal entry of the local BP with foreign amounts" error

I have an addon that needs to set the Total (LC) field on the invoice form when a Delivery is copied to an Invoice. In this case, it's $169,978.62. The original Unit Price on the row is $7,000.00, with quantity of 5 MT (selling UoM). After populating the line total field through SDK UI, it calculated discount% to be -385.653. When I press Add, it gives me red bar error "Trying to create a journal entry of the local BP, with foreign amounts [message 3530-11]". This BP uses local currency and there is no foreign currency involved on this document. If I perform the same action through normal UI without SDK, I can add the invoice without a problem. I know it probably has to do with rounding, but how can I get past this error if I have to set the line total through SDK?

Hi Ronnie,
Glad you have found the issue
Regardss,d
Eric

You purchase properties in Arab game (Sultan desert), while the procurement process and the discount amount lost contact wrote the running game has been cooperation from them but the problem! I can't buy any properties in the game itself and the science

You purchase properties in Arab game (Sultan desert), while the procurement process and the discount amount lost contact wrote the running game has been cooperation from them but the problem!
I can't buy any properties in the game itself and the science I don't use jailbreak and two free jailbreak is there a program hindered the procurement process so that I can buy anything from the store

Hello milkisoo,
Wow! Purchasing a new computer and monitor should be a fun and exciting experience, and instead, it sounds like it’s turned into a complete nightmare. I can only imagine your disappointment when you found two charges relating to its purchase on your debit card account, and I’m sorry for any aggravation this caused.
As I want to provide you some piece of mind, I pulled up your order number using your email address attached to the forum. After review of its payment information, I found we collected only one payment. However, when orders are first placed on BestBuy.com, a pending authorization should show up on your bank card to make sure funds are available for the order until it is fulfilled. From there, the authorization should drop off and the collection charge should appear. This is the case for your one charge of $1,051.69.
It also sounds like an error may have occurred when you initially attempted to place your order, resulting in one of your gift cards not registering properly and the order not being completed. Your card’s issuing bank doesn’t appear to have recognized this and pushed through the pending authorization. This occurred a second time when your account information didn’t quite match up with what we had on file. Please know that we haven’t ordered a collection of these funds and your issuing bank should release the two pending authorizations within 5 to 7 business days.
Thank you for posting.
Alex|Social Media Specialist | Best Buy® Corporate
Private Message

Need help with discount column

Hi,
I have managed to create an invoive after discovering that I had LiveCycleDesigner included with Creative Suite 3
I only have very basic skills in this area, so please bear with me
I'm hoping what I am after is easy enough for someone out there to help me with.
As you can see, I have created the below columns.
The amount column is... Show: calculate* Quantity * Unit Price (with unit price being the Binding name under the Object tab)
So what I would like to do is add the discount variable in and need to know the script to enable this.
The Binding names are Quantity, Decgription, UnitPrice, ItemDiscount and Amount.
I got somewhere with the amount column as... Show: calculate* Quantity * UnitPrice * ItemDiscount / 100
But this left me with the actual discount in the amount column rather than the amount - discount.
I tried a few other ideas, but couldn't seem to get it right so I thought it best to get those who know to give me the right answer.
The other question is after I open the template with Adobe Reader, and fill it out , is it possible to save the resulting document as a 'standard' PDF?
So far I have had to export as jpg and then convert to PDF. I'm sure I must be missing something obvious....
I'm using windows 7 and LiveCycle Designer 8
Thanks
Martin

Hi,
Thanks for your help.
Wasn't sure how to apply the maths to the script and get it to work:)
They both worked perfectly
Is it possible for the Amount field to be left blank unless data is enetered in the other columns?
Right now the Preview PDF has a coloum of $0.00 under amount
As for saving the PDF
When I go to Save As in Adober Reader I get the following message
I've had a look through both the LiveCycle and PDF documents but have been unable to find any adjustable settings that might change this.s
I presume the Feild Display Pattern Szzz,zz9.99 is the correct way to remove the $ signs?
Thanks again
Martin

I have an apple iphone 4gs... It is synced with my outlook exchange in the office. If I do a search for emails that also checks the server then all of a sudden I end up with various amounts unread email with the inbox saying "Inbox 71" ..which is not true

I have an apple iphone 4gs... It is synced with my outlook exchange in the office. If I do a search for emails that also checks the server then all of a sudden I end up with various amounts unread email with the inbox saying "Inbox 71" ..which is not true. The only way to make the inbox on the iphone back to 0 is to delete the account then re install it.
Anyone have any ideas

We need to know more about your system, please download EtreCheck and run the report and please post it on your next reply. Then we can see how your system is configured, what apps are on it and look for anything obvious. We will look forward to seeing your report.

A/P invoice with discount copied to A/P credit note gives error.

I am using SAP B1 2005B version.
When I try to create a A/P credit note based on an A/P invoice which has some discount amount. the system gives a message to specify the G/L account. but if I try to specify the G/L account entry field is greyed out. so we cannot enter any thing there.
Kindly help.

Dear Selin Kingsley
Also Check Note 639207.
1. Find out the item's "Set G/L Accounts By" in the credit memo that
failed to add. (Item Master Data>Inventory tab)
If the item is managed by Warehouse, go to Administration ->Setup
->Inventory ->Warehouse->bring up each warehouse(Please make sure each
warehouse is set up)->define 'Sales Credit Account'
If it is managed by Item Group, go to Administration ->Setup ->Inventory
->Item Groups->bring up each Item Groups (Please make sure each Item
Groups is set up)->->define 'Sales Credit Account'
2. If the previous step still does not work, go to Administration>
Definition> Financials>G/L Account determination>Sales tab and Inventory
tab-> define 'Sales Credit Account'
I hope the information is helpful.
Regards,
Raghu N
SAP Business One Forums Team

Lockbox with Discount amount

Similar Messages

Maybe you are looking for