Configuration for Cash Discount Granted to Customer – OBXI

Configuration for Cash Discount Granted to Customer – OBXI.

Understanding: Cash Discount refers to a reduction in the amount receivable from customer, offered as an incentive for early payment within a specified period, as per agreed payment terms. To post discount granted to customer needs an automatic account determination configuration in T code: OBXI (Transaction key: SKT). It is an expense to the company.

Accounting Entry for Cash discount Granted to Customer.

• Incoming Bank Account Dr 10000
• Cash Discount Expense Account Dr 9800
• To Customer Account Cr 200

SPRO Path -> SAP Reference IMG -> Financial Accounting -> Accounts Receivable and Accounts Payable -> Business Transactions -> Incoming Payments -> Incoming Payments Global Settings -> Define Accounts for Cash Discount Granted – Click on Execute button.

Or Go to T code: OBXI

Popup will come, give Chart of Accounts and click on continue button.

Click on save button, it will take you to Accounts.

Click on Accounts.

We need to give a Discount Granted GL Account for Automatic postings and click on save button.

Customizing request popup will come, select your request and click on continue.

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Explained: Configuration for Cash Discount Granted to Customer – OBXI.