R12: AP: How Is Working Discount Functionality in Payables?
(Doc ID 2992533.1)
Last updated on DECEMBER 18, 2023
Applies to:
Oracle Payables - Version 12.0.0 and laterInformation in this document applies to any platform.
Goal
How to setup discount using seeded functionality having, for example:
5% : Agreed discount if paid within 15 days
2% : Agreed discount if paid within 20 days
1% : Agreed discount if paid within 25 days
How to use other terms than standards 30 days i.e. 20 or 10 days? Can setup different days within differrent terms.
What happens if a discount is taken against an invoice that is matched/receipted against a PO?
$100 : Original PO Value
$100 : Receipted Value
$100 : Invoice Value
5% : Discount applied
$95 : Invoice paid value (as paid within agreed discount term)
Does the receipt auto reverse the $5 over receipt against the discounted value paid and same question with the matched to PO value?
How can be achieved the above implementation and how it will affect out system?
Solution
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In this Document
Goal |
Solution |
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