Cash Discounts in SAP

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Sharlene Jennings
6 years ago
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belw mentined path t cnfigure Terms f Payment (OBB8) Click n Maintain

1 January 13, 2013 Cash Discunts in SAP Create a GL A/c f Discunt Allwed under Indirect Expenses Assign Field status grup :G001 (FS00), Fllw the belw mentined path t cnfigure Terms f Payment (OBB8) Click n Maintain Terms f Payment,The fllwing screen Appears Click n New Entries, fllw the next screen

2 Terms f payment has been created, Nw we need t cnfigure fr Cash Discunt (OBXI) r Fllw belw mentined path

In this step, yu define the accunt numbers fr yur cash discunt expense accunts. The system psts the cash discunt amunt t these accunts when clearing pen items.

3 In this step, yu define the accunt numbers fr yur cash discunt expense accunts. The system psts the cash discunt amunt t these accunts when clearing pen items. Nte Yur specificatins are dependent n the chart f accunts. Yu can additinally distinguish yur specificatins by tax cde. Activities 1. Specify yur accunts. 2. Make sure that the accunts are created. Chart f Accunts: Cmpany Cde Click n Accunts

Terms f Payment : Cmpany Cde 5. Click n Save.

4 Click n SAVE Nw we need t Mdify Custmer Master Data with Discunt Term (FD02) 1. Select the Custmer 2. Click n Cmpany Cde Data 3. Select Payment Transactins 4. Terms f Payment : Cmpany Cde 5. Click n Save. Raise Sales Invice Under F-22 Retain the Payment Term t allw Discunt r else delete the term nt t allw the Discunt Pst the entry. Incming Payment (F-28)

Bank line item(hdfc Bank) Amunt: Mdify Amunt,100000*5%=5000

5 fill the data as mentined abve with full amunt Press ENTER Click n Charge f Diff,the fllwing screen appears Duble click n Bank line item(hdfc Bank) Amunt: Mdify Amunt,100000*5%=5000 = =95000 Click On Dcument & Simulate, Finale entry ll be

6 1. Questin: Answer: Why des the system prvide setting ptins fr tax base = 'grss'/'net' and cash discunt base = 'grss'/'net'? Determining the base amunt fr the calculatin f sales tax and the base amunt fr the calculatin f cash discunt is subject t the respective natinal regulatins. In Great Britain, fr example, the base amunt fr sales tax is the invice amunt minus the arranged cash discunt. The base amunt fr calculating the tax in this case is 'net'. In Germany, fr example, the pssible cash discunt deductin is taxed when the dcument is psted. A tax adjustment is then made during payment clearing. The base amunt fr the calculatin f the cash discunt in this case is 'grss', that is, including sales tax. 1. Questin: Answer: What des tax base/cash discunt base = 'net' mean and what are the Custmizing transactins? Tax base = 'net' The cash discunt is deducted frm the tax base amunt. Set the 'Tax base is net value' indicatr in the fllwing transactin: OBCP (Field TTXJ-XMWSN): if tax is calculated with jurisdictin cde OBY6 (Field T001-XMWSN): therwise Cash discunt base = 'net' The tax prtin is nt cntained in the cash discunt base amunt. In the fllwing transactin yu must set indicatr 'Cash discunt base is net value': OBCP (Field TTXJ-XSKFN): if tax calculatin with Jurisdictin Cde OBY6 (Field T001-XSKFN): therwise 1. Questin: Answer: What is the rle f the tax categry in the Cash Discunt Clearing (CDC) accunt?

7 Answer: The system generates a CDC psting fr the 'Net psting' dcument type. The value f this psting depends n the tax cde in the CDC accunt: CDC accunt nt tax relevant: CDC amunt 'grss' (including tax) CDC accunt tax relevant: CDC amunt 'net' (excluding tax) It is essential that all cash discunt clearing accunts in a dcument have the same setting fr tax relevancy. 1. Questin: What are the pssible cmbinatins fr tax base, cash discunt base and tax categry f the CDC-accunt and what d the crrespnding pstings lk like in the accunting? a) Tax base = 'grss' and cash discunt base = 'grss' Invice amunt: EUR Cash discunt rate: 3 % Tax rate: 10 % Material value: EUR As the cash discunt base is 'grss', the cash discunt amunt is calculated frm the invice amunt: 3 % f EUR = 3.30 EUR Since the tax base is grss, the tax is als calculated frm the material value: 10 % f EUR = EUR Psting fr the 'Net psting' dcument type, if the CDC accunt is nt tax relevant (SKB1-MWSKZ = SPACE): PstKy Accunt Amunt 31 Vendr and cash discunt amunt = 3.30 (= BSEG-KZBTR) 86 Expenditure Tax CDC 3.30 Psting fr the 'Net psting' dcument type, if the CDC accunt is tax relevant (SKB1-MWSKZ <> SPACE): PstKy Accunt Amunt 31 Vendr and cash discunt amunt = 3.30 (= BSEG-KZBTR) 40 Tax CDC 3.00 b) Tax base = 'grss' and cash discunt base = 'net' Invice amunt: EUR Cash discunt percentage: 3 % Tax percentage rate: 10 % Material value: EUR As the cash discunt base is 'net' the cash discunt amunt is calculated frm the net amunt: 3 % f EUR = EUR 3.00 As the tax base is 'grss', the tax is calculated frm the material value: 10 % f EUR = EUR Psting fr the 'Net psting' dcument type, if the CDC accunt is nt tax relevant (SKB1-MWSKZ = SPACE):

8 PstKy Accunt Amunt 31 Vendr and cash discunt amunt = 3.00 (= BSEG-KZBTR) 40 Tax CDC 3.00 Simulatin fr the 'Net psting' dcument type, if the CDC accunt is tax relevant (SKB1-MWSKZ <> SPACE): Errr message M8129 'Accunt & (G/L accunt n.) & (CCd) fr deductins/cash discunts cannt be tax relevant' appears because this cmbinatin is nt allwed. c) Tax base = 'net' and cash discunt base = 'net' Invice amunt: EUR Cash discunt rate: 3 % Tax percentage rate: 10 % Material value: EUR Since the cash discunt base is 'net', the cash discunt is calculated frm the net amunt: 3 % f EUR = EUR 3.00 Since the tax base is net, the tax is als calculated frm the net amunt (Material value minus cash discunt): 10 % f EUR = EUR 9.70 Psting fr the 'Net psting' dcument type, if the CDC accunt is nt tax relevant (SKB1-MWSKZ = SPACE): PstKy Accunt Amunt 31 Vendr and cash discunt amunt = 3.00 (= BSEG-KZBTR) 40 Tax CDC 3.00 Simulatin fr the 'Net psting' dcument type, if the CDC accunt is tax relevant (SKB1-MWSKZ <> SPACE): Errr message M8 129 'Accunt & (G/L accunt n) & (CCd) fr deductins/cash discunts cannt be tax relevant' appears because this cmbinatin is nt allwed. d) Tax base = 'net' and cash discunt base = 'grss' This cmbinatin is nly allwed if tax is calculated with tax jurisdictin cde. Nte cntains a psting example. 1. Questin: Why is the maximum cash discunt f the cash discunt clearing accunt debited during 'Net psting', independent f the baseline date fr payment? Answer: In lgistics invice verificatin, if yu pst invices with a net dcument type and terms f payment, the system always calculates the maximum cash discunt and debits it in accrdance with the cash discunt clearing accunt. Reasn: when the invice is entered, it is nt yet knwn with what cash discunt rate the invice will finally be paid. This depends n the actual time f payment and n any changed terms f payment in the vendr line item in the accunting dcument. When payment is effected, the cash discunt clearing accunt is balanced again. Any differences due t a different cash discunt rate at the time f payment are psted t lst cash discunts r revenue accunts. 1. Questin: Des the cash discunt base amunt determined always crrespnd t the ttal value f the invice items?

9 Answer: a) In 'grss psting' (Grss dcument type) the cash discunt base amunt ( SKFBT) f an invice is always calculated n the basis f the invice amunt (independent f whether sme items are marked as nt liable t cash discunt). Psting example: Dcument type = 'grss', Cash discunt and tax base = 'grss', CDC accunt is tax relevant Item1 Item2 Grss amunt EUR Tax 10% EUR Cash discunt 3% EUR 'Withut cash discunt' = 'X' EUR 'Withut cash discunt' = ' ' PstKy Accunt Amunt 31 Vendr and cash discunt base = EUR Expenditure Expenditure Tax Minr diff b) In 'net psting' (Net dcument type) the cash discunt base amunt (SKFBT) f an invice is calculated n the basis f the invice items liable fr cash discunt. If yu have set the 'withut cash discunt' indicatr fr an invice item, it is nt taken int accunt during the calculatin f the cash discunt base amunt. This results in a cash discunt base amunt that is different frm the invice amunt. Psting example: Dcument type = 'net', Cash discunt and tax base = 'grss', CDC accunt tax relevant Item1 Item2 Grss amunt EUR Tax 10% EUR Cash discunt 3% EUR 'Withut cash discunt' = 'X' EUR 'Withut cash discunt' = ' ' PstKy Accunt Amunt 31 Vendr and cash discunt base = EUR Expenditure Tax CDC 3.00 c) Minr differences r manually accepted differences are nt taken int accunt during the calculatin f cash discunt in lgistics invice verificatin fr dcument type 'Net psting'. This means that minr differences and manually accepted differences are nt liable fr cash discunt. If yu want the abve-mentined differences t be cnsidered in the calculatin f cash discunt, use the 'Grss psting' dcument type r assign the cash discunt amunt manually. Psting example: Dcument type = 'net', Cash discunt and tax base = 'grss', CDC accunt tax relevant Item1 Item2 Grss amunt EUR Tax 10% EUR Cash discunt 3% EUR 'Withut cash discunt' = ' ' EUR 'Withut cash discunt' = ' ' PstKy Accunt Amunt 31 Vendr and cash discunt base = EUR Tax Minr diff See mre at:

Accounting. Training Guide

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