EAP: Staggered Payment Terms for discounts with Split Net Terms checked on Payment Term

(Doc ID 640277.1)

Last updated on SEPTEMBER 15, 2016

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9 and later
Information in this document applies to any platform.

""""Checked for relevance on 15-Jul-2009""""

This document was previously published as Customer Connection Solution 200977135




Goal

Want to pay with staggered discounts -- if you pay within 7 days you take a 2% discount, if you pay within 14 days you take a 1% discount, and if you pay within 30 days there is no discount. 

Has set up the Timing ID and Payment Terms pages with Split Net Terms but the discount date or percentage doesn't change if the 7 days lapse.

Wants to make Staggered Discount Payments with Split Net Terms turned on for the Payment Terms: 

If the voucher is paid with in 7 days, it should have a discount of 2%.
If the voucher is paid with in 14 days, it should have a discount of 1%.
If the voucher is paid after 14 days, then no discount should be given.

Solution

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