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6021 Rodiniai

In Belgium the cash discount (= escompte/korting) is quite specific.

 
The cash discount impacts the basis to calculate the VAT amount and the basis itself.
If we take the following example:

 
You sell goods for 1.000€ VAT Excluded
You give 2% cash discount to your client if he pays you during 7 days after the invoice date.

 
The following calculation has to be done: 

When you create the invoice the following entry is generated:




CASE 1) The client pays you during the week after the invoice date ( = so the client can benefit from the cash discount)




CASE 2) The client pays you after the 7 days


Portretas
Atmesti

Thanks BEK , quite recurring question!

Autorius Best Answer

Tax configuration


Accounting Entry with Tax configuration



Portretas
Atmesti
Best Answer

Odoo handles cash discount tax reductions natively from Odoo 16. (documentation for cash discounts (Odoo 16))

It is going to be even better with Odoo 16.2 :)

Portretas
Atmesti
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