Supplier Discounts

Go to: Supplier Main Form > Discounts Tab

Multiple Discount Types

Overview

The Supplier Discounts tab in the Supplier Main Form allows you to manage various discount types offered by a supplier, such as early payment, volume-based, or transport rebates. Discounts entered here are automatically carried over to the Supplier Status Reconciliation, where discount amounts are calculated and corresponding journal entries are posted automatically.

Enter the following information:

Description: Name the discount (e.g., "Advertisement Rebate," "Transport Rebate").

Discount %: Specify the percentage discount provided by the supplier.

GL Account: Select the General Ledger account (e.g., "Discount from Suppliers") for posting the discount.

Note: Add any relevant notes about the discount.

Notes

•Discounts entered in this tab are automatically applied during the Supplier Status Reconciliation process.

•Journal entries for discounts are posted automatically to the selected GL account.

Click here to open the Status Reconciliation.