Payment terms realization of discount

[Former Member]

Please advice on the following:

Payment Terms:

3% discount if paid within 10 days,

0% discount if paid within 30 days

Default for baseline date is Document date.

Account type is vendor

1)Invoice Base Line Date 07/01

2)Invoice Base Line Date 07/02

3)Invoice Base Line Date 07/03

Payment Date 7/11.

One Invoice should realize 3% discount, other two invoices should not be selected by the payment run until day no 30 from the baseline.But All invoices were selected by the payment run and discount was realized for all invoices instead of one.

Please let me know how the discount is realized and the working of payment terms.

[Lakshmipathi]

Account type is vendor 

Are you talking about incoming payments or outgoing payments?   If you are talking about incoming payments, then have a look at this thread

Also, in such case, you need to check the box "Customer" for that payment terms

G. Lakshmipathi

[Former Member]

Thank you and please let me know how the payment takes place.

My doubt is whether

1) 3% discount is realized on day 10^th otherwise pay net on day 30^th

or

2) 3% discount is realized within first 10 days from the baseline or otherwise pay net on day 30^th.