0019375: Add support for early payment or cash discounts

Openbravo Issue Tracking System - Openbravo ERP

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Date Submitted

Last Update

0019375

Openbravo ERP

02. Master data management

public

2011-12-27 16:40

2014-05-07 17:23

Reporter

dmitry_mezentsev

Assigned To

jonalegriaesarte

Priority

high

Severity

minor

Reproducibility

always

Status

new

Resolution

open

Platform

OS Version

Product Version

Target Version

Fixed in Version

Merge Request Status

Review Assigned To

OBNetwork customer

Web browser

Modules

Core

Support ticket

Regression level

Regression date

Regression introduced in release

Regression introduced by commit

Triggers an Emergency Pack

Summary

0019375: Add support for early payment or cash discounts

Description

"One study found that if the credit term is net 30 days, the money, on average, arrived 45 days after the invoice date. In order to speed up these payments, some companies give credit terms that offer a discount to those customers who pay within a shorter period of time. The discount is referred to as a sales discount or cash discount, and the shorter period of time is known as the discount period. For example, the term 2/10, net 30 allows a customer to deduct 2% of the net amount owed if the customer pays within 10 days of the invoice date. If a customer does not pay within the discount period of 10 days, the net purchase amount (without the discount) is due 30 days after the invoice date."

From here, http://www.accountingcoach.com/online-accounting-course/24Xpg02.html#credit-terms-discounts [^]

User Voice voting tracking, https://openbravo.uservoice.com/forums/13955-openbravo/suggestions/2476078-add-support-for-early-payment-or-cash-discounts [^]

Steps To Reproduce

Proposed Solution

Extend existing Payment Terms

Additional Information