Re: [SL] Early Payment Discount....

[David B. <dav...@sb...>]

On Thu, 2007-03-15 at 16:05 -0500, arc...@mt... wrote:
> I have a supplier who gave me an early payment discount of 1%
> The discount is on the items, not the freight charges or GST.
> 
> Any idea on how best to handle this with SL 2.6.23 ?

My solution...your mileage may vary.

I've created a G/L account (mine is under COGS) called Discounts Earned.
After you key the vendor invoice for the full amount, key an AP
Transaction selecting the Discounts Earned account using a negative
dollar amount.  Yes, you'll have two items on your check run referring
to the same invoice number, but it works well for me.

HTH,
David Boyle
NAPCO


> Cheers !
> Roy Pennington
> 
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