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Evo-ERP and DBA Classic >> Accounting >> Can't get discounts to work
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Message started by a.lake on 03/28/06 at 09:45:29

Title: Can't get discounts to work
Post by a.lake on 03/28/06 at 09:45:29

I have set the vendor up in AP to take the appropriate discounts on invoices (i.e. 1%10/Net 30). But, when I run the AP-E report it does not pull in those invoices that would be eligible for the discount. I have told it to use the discount date to determine the due date. How do I get this to work?

Title: Re: Can't get discounts to work
Post by Lynn Pantic on 03/28/06 at 09:59:03

Are the invoices themselves set up for the correct terms? Is the Terms type set up correctly in SM-D as %?

Title: Re: Can't get discounts to work
Post by InveCast on 11/01/06 at 12:04:56

I am having the same difficulty. I have the invoice entered with the correct terms (when I manually add the invoice to be paid the program will then take the discount), the vendor set up correctly, and I instruct the program to use the discount date.

Could it be that the program will only take the discount if the date I use is the exact last date of the discount period (ie 10th date from the invoice date)?

Any advise will be greatly appreciated!!

Judy Riley
InveCast Corporation

Title: Re: Can't get discounts to work
Post by Karen Mason on 11/01/06 at 12:29:02

Another area where the discounts don't work properly is when entering in the invoice. The PO and the vendor both have the correct terms, however, that is not necessarily what pulls into the invoice. Possibly these issues are connected.

Title: Re: Can't get discounts to work
Post by David Waldmann on 11/02/06 at 04:56:08

I believe there are two common places where things can go awry. When entering the PO and when entering the Invoice the Terms field displays a list of all available terms. If your mouse is over any selectable item, it will be selected.

This does not answer any problems if you verify the Invoice actually does have the correct terms on it, such that manually selecting it for payment gives the discount.