Payment term thread continuation with that

[Former Member]

Thank you all.for your reply to previous thread of mine.

So in relation to above my requirement is that Cash discount is based on payment term and differs from material to material.

Suppose i maintain a cash discount of 1% for material x and the payment term is payment in 7 days then this 1% should be active on the receipt of payment from the customer within 7 days only otherwise the cash discount does not apply.

Please guide .as no percentage is maintained in payment term because it will be applicable for all the material for that particular customer.

[Former Member · Accepted solution]

Suppose you have payment term

0003 :

Within 14 days 3 % cash discount

Within 20 days 2 % cash discount

Within 30 days Due net

If you use the condition type SKTO, the payment terms will be activated in the billing document and when the customer makes a payment if the payment date is within 14 days 3% gets activated automatically, within 20 days then 2% and from 20-30 days no cash discount.

Regards

AK

Hope I was able to explain properly