E1: 04: Enhancement Request - Advance Payment Terms Discount Lost on Multi-Tiered Discounts AAI Account
Last updated on APRIL 25, 2017
Applies to:JD Edwards EnterpriseOne Accounts Payable - Version 9.1 and later
Information in this document applies to any platform.
The Discount Lost AAI functionality is not available for use with Multi-Tiered Discounts.
For example, if the tiers are set up in 5 day increments. For days 1-5, discount is set to 2.5%, days 6-10 have a 2% and son on until the 5 tiers are all used up. In this scenario, if a voucher is created for 100.00 and the discount to be taken is the 2% (due date is between 6 and 10 days past the invoice date) and a payment is made, the accounts payable payment process calculates a discount taken of 2.00 or 2%. Due to this, there is a need to monitor the effectiveness of the AP group in the timely processing of vendor payments with which a discount program is applied. Discounts that are not realized represent a loss of money to the company. The accounts payable process should record "opportunity" discount lost of .05% or .50 cents.
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