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Oracle Payables- Discount on Supplier Invoice

Discussion in 'Oracle Financials' started by akhayasahu1985@gmail.com, Jun 11, 2015.

  1. akhayasahu1985@gmail.com

    akhayasahu1985@gmail.com Active Member

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    Dears,

    I have created an Invoice in Oracle Payables and lets assume that Invoice amount is USD 100 and the payment term is 30 days.

    The Supplier will give discount @ 10% if I pay this invoice within 10days.

    Now the Outstanding amount is USD 100 and I want to pay this Invoice within 10 Days and want to avail dicount @ 10% on this particular invoice.

    Kindly suggest what are the setups required for the above scnario.


    Thanks,
    Akshay
     
  2. psravan

    psravan Active Member

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    Hi Aksahy,

    Navigate Payables Responsibility Setup-->Invoice-->Payment Terms

    In Payment term screen in Due tabenter the days 10 in first discount tab enter the % of the discount.

    Create the invoice with the same payment term where you have given the discount and you will get avail discount on the invoice.

    Thanks,
    Sravan P