Date for the calc of discounts

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.

Level of localization / Global variable

This parameter is defined at the level Company. It belongs to Chapter TRS (Acc Payable/Acc Receivable) and the Group TDC (Early discounts/late charges), The following parameters are also associated with this chapter and group :

• AUTDEPCUS (Auto calc AR discount taken)
• DATSELDEP (Disc. date for open item sel.)
• DENCRG (Late charge payment attribute)
• DENDEP (Customer early paymt./discount)
• DENPAY (Supplier early paymt./discount)
• DEPDUDDAT (Due dates in discount section)
• DEPMSK (Early discount mask)
• IDNINTNOT (Compute interest notes)
• IDNINVTYP (Late charges invoice type)
• IDNTDAEXE (Late charges flow)

No global variable is associated with it.

Functions concerned

The following functions are associated with this parameter :

  A/P-A/R accounting > Payments > Payment/Receipt entry

  Common data > BP tables > Early discounts/Late charges

  A/P-A/R accounting > Open items > Open item management

  A/P-A/R accounting > Payments > Payment proposal

Comments

The method for the early payment discount calculation varies according to the country and its respective accounting standards.

• For European accounting systems, the calculation is usually based on the open item due date.
• For North American accounting systems, and especially the United States accounting standards, the calculation is on the invoice date.