Configuration for Cash Discount Received from Vendor – OBXU

Configuration for Cash Discount Received from Vendor – OBXU.

Understanding for Cash Discount Received: Cash Discount refers to a reduction in the amount payable to a vendor, offered as an incentive for early payment within a specified period, as per agreed payment terms. To post discount received from vendor needs an automatic account determination configuration in T code: OBXU (Transaction key: SKE). it is an income to the company.

Accounting Entry for Cash discount received from Vendor

Vendor Account Dr 10000 To Outgoing Bank Account Cr 9800 To Cash discount received Account Cr 200

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

Or Go to T code: OBXU.

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

Initially click on save.

Now click on Accounts button.

We need to give a Discount received GL Account for Automatic postings.

Click on Save.

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

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Explained: Configuration for Cash Discount Received from Vendor – OBXU.