Can we set discounts party wise and different in each company ?
Yes, certainly. There is an option Discount in System-Master Data sub-menu. Here you can set discounts for a party, a company or for a particular party & a particular company. If you leave group code and party code blank, discount is applicable for all parties in all companies. If you leave party code blank, discount is applicable for all parties for that company. If we leave company code blank, discount is applicable to all companies for that party. If give values in both columns, given discount is applicable for that party and only in that company. Discount is specified as cash and credit discount. Cash discount is applicable only in case of cash bills and in the same way credit discount is applicable only in credit bills. There is one more column LessBy. Here a percentage can be defined to reduce the actual (net) discount in bill. It can be used to reduce excise duty or c.s.t. etc. before calculation of discount. 4. How to set auto calculation of free scheme and closing date for it.