Payment Disc. Credit Account required to post

Sapphire123

Hi All,

I'm trying to post a batch of checks from a payment journal - i was able to print the checks fine, wihtout problems. But, when i try to post them, i get the following error message, "You must specify Payment Disc. Credit Account for Vendor Posting group = 'vendor'" . I understand that if I were to specify this account for the Vendor Posting Group, this error will disappear.. but, i dont want to do that. i want to know what is occuring this error?

Thanks a lot!

Sapphire123

I was able to resolve this issue by removing the 'remaining discount amt' field for the invoices that were to by paid.

Savatage

Sapphire123 wrote:

I understand that if I were to specify this account for the Vendor Posting Group, this error will disappear.. but, i dont want to do that.

Why not? Do you have a Purchase Discount G/l Account?
Is you Payment Discount Debit Acct - Blank too?

So say your terms are 2% 30 Net 31 - and you eligible for the 2% - you don't want to take it? :-k