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Pay purchase invoice with payment discount EB Payment Journal (Belgian functionality)

Hi everyone,

I have a customer who gets a payment discount when the supplier invoices are paid within a certain period.
Since it is a Belgian company and creates a payment file with an XML and forwards it to its authorized bank, we use EB payment journal.

Everything is set up in the general ledger setup, and the G/L accounts are assigned.

This procedure works well for invoices that have already expired, but invoices should also be included with a payment discount date (in the future).

For example: there is a purchase invoice with a payment condition that if they pay within 8 days there is a 2% payment discount.


When I click on suggest vendor payments at the EB payment journal.

 I can choose: Take Payment Discounts and the Payment Discount Date. I suppose I'll have to put this one in the future?


Does anyone know how to fix this or what I'm doing wrong? My customer has several suppliers who offer payment discounts.

 Manually adding each time is not a solution.

Kind regards,

Melissa

Melissa,

Though I am from the US and my customers use this process on the Payment Journal and running Suggest, your Payment Discount Date shows in the pic 20/06/2021. The payment discount for the vendor pic ends on 14/06/2021. Try leaving this field blank to capture discounts through your Last Due Date. I do not have this field but assuming the field is filtering to Payment Discount Dates = 20/06/2021. I checked the Belgium EB information on Microsoft and the field is defined as:

Since the Vendor Payment Discount is THRU 14/06/2021 and you set the Payment Discount Date = 20/06/2021 it has passed and I would expect it not to be included. Not sure if you have Tolerances set for payment discounts and how this might impact EB processing but this is something to consider to allow for a week difference.

Hope this helps.

Thanks,

Steve

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