General parameters > Chapter Acc Payable/Acc Receivable > Parameter DATDEP (Date for the calc of discounts) 

Index

This parameter is used to indicate the start date for the calculation of early payment discounts.

 Early discount/Late charge documentation

'Open item due date' - The start date for the calculation of an early payment discount is the open item due date.

'Invoice date' - The start date for the calculation of an early payment discount is the invoice, or accounting date, as follows:

• If the open item is a customer invoice, the calculation start date is the invoice date;
• If the open item is a supplier invoice, the calculation start date is the original date. If the original date is not defined, the calculation start date is the supplier invoice date.

Example

Set DATDEP to 'Open item due date'.

The following settlement discount rates apply:

If a payment is made 11 days or more before the invoice due date, a 10% discount is applied.

No discount is granted on a payment made on the invoice due date, or up to 10 days before the invoice due date.

Set DATDEP to 'Invoice date'.

The following settlement discount rates apply:

If a payment is made on the invoice date (zero days), or up to 9 days after the invoice date, a 10% discount is applied.

No discount is granted on a payment made on the tenth day after the invoice date, or later.