ERPstuff - Oracle EBS Community

Please advise on How to do Discount allowed set-up in accounts receivable ?

Hi

In Oracle Receivables you can set the Payment terms for discount to get calculated and applied on Invoice as Earned and unearned Discount while creating Receipt. There is no standard way to show discounts while creating Invoice. It is created only at the time of Receipt.

Clearly explain what is your requirement

Regards
Sivakumar

Thanks Sivakumar for your reply
I have created new payment term 'Net Due in 40 days'. However if the customer pays within 30 days he is eligible for a discount of 10 %. For this I have done the following Set-up

1. The checkbox Allow Discount on Partial Payments
2. I have entered 'Invoice Amount' as Discount Basis.

And afterwards I clicked the 'Discount' button
Now please guide as to how to proceed further.