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Defining Accounts for Net Procedures
Chapter 14 ■ Defining FI Accounts Receivable and Accounts Payable
A net procedure setting defines how a cash discount is treated against invoices when a vendor invoice is
posted with a document type for net procedure. Once the net procedure is defined, discounts posted to an
expense or balance sheet accounts are automatically reduced by the cash discount. Also, during invoice
posting, a similar discount amount is posted to a cash discount clearing account.
■■Note
before you define an account for a net procedure, you need to create the G/L account that you will
assign to the net procedure. See “Appendix A – Chapter 14” to create the G/L accounts needed to complete this
exercise before continuing your customizing.
To define accounts for a net procedure, follow this menu path: IMG: Financial Accounting (New) ➤
Account Receivable and Accounts Payable ➤ Business Transaction ➤ Incoming Invoices/Credit Memos ➤
Define Account for Net Procedure. Or use transaction code OBX.
The Enter Chart of Accounts dialog box pops up. Enter your chart of account ID (CA90) in the Chart
of Accounts field. Click the Enter button at the bottom of the dialog box. The Configuration Accounting
Maintain: Automatic Posts - Rules screen is displayed. You don’t need to specify any rules for the account for
net procedure. Click Save . The Configuration Accounting Maintain: Automatic Posts - Accounts screen
is displayed (Figure 14-15). Update the account field by assigning the G/L account for clearing supplier
discounts (net method) 193000 (circled in red in Figure 14-15).
Figure 14-15. Account determination for automatic posting – net procedure
Click the Enter button on the top-left side of the screen to confirm your entry and save your
account assignment.
In the next exercise, you will define the accounts that cash discount granted, cash discount taken, lost
cash discounts, and overpayments/underpayments are posted to. Then you will define your payment block
reasons.
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