What is current cash discount in SAP FI-FIO-AP - Fiori UI for Accounts Payable?

SAP Term: current cash discount

• Component: FI-FIO-AP

• Component Name: Fiori UI for Accounts Payable

• Description: Reduction of the amount to be paid that is valid at this moment in time.

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• Key Concepts: 
  Current cash discount is a feature of the FI-FIO-AP Fiori UI for Accounts Payable that allows vendors to receive a discount on their invoices if they pay within a certain period of time. This feature is beneficial for both the vendor and the company, as it encourages vendors to pay their invoices quickly and helps the company save money. 
  
  How to Use It: 
  In order to use the current cash discount feature, the vendor must first be set up in the system with the appropriate payment terms. Once this is done, the vendor will be able to see the current cash discount on their invoice when they receive it. The vendor can then choose to take advantage of the discount by paying within the specified period of time. 
  
  Tips & Tricks: 
  It is important to make sure that all vendors are aware of the current cash discount feature and how it works. This will help ensure that vendors are taking advantage of the discount and that companies are saving money. Additionally, it is important to keep track of which vendors are taking advantage of the discount and which are not, so that companies can adjust their payment terms accordingly. 
  
  Related Information: 
  The FI-FIO-AP Fiori UI for Accounts Payable also includes other features such as invoice processing, payment processing, and vendor management. Additionally, there are other SAP terms related to current cash discounts such as early payment discounts and late payment penalties.