E1: 04: Enhancement Request - Advance Payment Terms Discount Lost on Multi-Tiered Discounts AAI Account (Doc ID 1956403.1)

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.

Symptoms

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.

 

Changes

 

Cause

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