Supplier Discounts
Hi
We have a supplier that gives us a discount if we pay on time. Sometimes this works well and other times it doesn't. Trying to get to the bottom of the problem so it works properly all the time. At the end of November we went to pay the supplier and the discounts showed up as they should and the invoices to be paid were reduced by the amount that they were needed to be. All good so far then we go to process the payment and it will only allocate 2 of the 3 discounts, leaving the 3rd discount sitting on the payables report as outstanding.
I did go in and reverse the whole payment and assoicated invoices/journals that happen when discounts are issued and then tried to do the payment again but it still only insists on doing 2 debit memos instead of 3. I thought maybe because the 3rd invoice was dated the 30th that it could have been the problem, so changed the date to the 29th, but this still hasn't fixed the problem. I have attached a screen shot of my problem
Does anyone have any ideas why this is happening.
Thanks
Lisa
Hi Webb1
For the discount to be applied with a payment you need to pay off the invoice in full.
In your case, the last invoice the amount is $48,967.59 with the payment of that invoice being $48,967.58 As the payment doesn't pay off the full invoice (1 cent short) the discount is not applied.
