Supplier Discounts & Rebates

Go to: Supplier Main Form > Discounts Tab

Multiple Discount Types

Overview

The Supplier Discounts tab enables you to record and manage a variety of rebates and discounts beyond a standard single settlement discount. This includes options such as:

•Early payment discounts – incentives for settling invoices ahead of due dates

•Volume-based discounts – reductions tied to purchase quantities or order size

•Transport rebates – allowances related to logistics or freight costs

•Advertising rebates – contributions toward promotional or marketing expenses

Discounts configured here are automatically applied during the Supplier Status Reconciliation process. The system will calculate the discount amounts and post the corresponding journal entries to the selected General Ledger accounts.

Capturing Supplier Discounts

Enter the following information:

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

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

GL Account: Select the General Ledger account where the discount will be posted (e.g., "Discount from Suppliers").

Note: Enter any additional information or conditions related to the discount.

Notes

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

•Journal entries are generated and posted automatically to the GL Account

•Multiple discount types can be configured per supplier

Click here to open the Status Reconciliation.