Cash Dicount to be inventorized
In our purchase order, we have a condition for taking cash discount. We want to inventorize the cash discount. If suppose the material price is 100, then the a/c entries to be passed is
Material A./c Dr 100
Cash Discount Dr 10
Gr/IR A/c Cr 100
Material A/c Cr 10
GR/IR Dr 100
Vendor A/c Cr 100
Vendor A/c Dr 10
cash Discount Cr 10
The idea is to pass the cash discount as a debit memo to the vendor a/c and the discount to be inventorized. How can the same be effected in SAP?
How do you plan to have the cash discount at the time of MIGO or MIRO? Cash discount will be effected at the time of payment to the vendor.
The customer might be doing the posting in Legacy System at the G/L Account level and manually adjusting the material price. In case of SAP, cash discount will not reflect against the material directly.