How to process payment discount

SINOEUNSTEVENNEANG

Dear

i want to process payment discount meaning that my invoice amount 350$ and i have receive only 300$ the rest is discount.
how can i do that ?

Please advise..

Zephyr

You can use Line Discount %

ssingla

Zephyr wrote:

You can use Line Discount %

It seems the author is asking for discount after posting of invoice so Line Discount won't be of any help.

SINOEUNSTEVENNEANG wrote:

Dear

i want to process payment discount meaning that my invoice amount 350$ and i have receive only 300$ the rest is discount.
how can i do that ?

Please advise..

There are 2 options:
a) Post a Credit Memo with Type as G/L Account of discount or Item Charge.
b) If payment terms are set to allow payment discount and payment is received during the due period then system can automatically post the discount entry if invoice is applied with payment .

SINOEUNSTEVENNEANG

ssingla wrote:

Zephyr wrote:

You can use Line Discount %

It seems the author is asking for discount after posting of invoice so Line Discount won't be of any help.

SINOEUNSTEVENNEANG wrote:

Dear

i want to process payment discount meaning that my invoice amount 350$ and i have receive only 300$ the rest is discount.
how can i do that ?

Please advise..

There are 2 options:
a) Post a Credit Memo with Type as G/L Account of discount or Item Charge.
b) If payment terms are set to allow payment discount and payment is received during the due period then system can automatically post the discount entry if invoice is applied with payment .

Thanks you . very useful answer.