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Payment Discount Tolerence Date
Madiya
Member Posts: 22
Hi
I have set up my payment discount grace period in the G/L and have set up all my customers to allow payment discount tolerence on each customer card but experience the following problem:
- I have a posted invoice with the remaining amount of R5500, due date of 25-01-2007, payment disc due date of 25-04-2007,payment discount tolerence date of 25-06-2007 and a remaining discount amount of 550.
When i do my cash receipt with a posting date of 17-05-2007 and without entering the amount on the journal in the amount field, the system does not give the due discount(R550) to the customer.
Am i missing any setup or anything at all, please help.
I have set up my payment discount grace period in the G/L and have set up all my customers to allow payment discount tolerence on each customer card but experience the following problem:
- I have a posted invoice with the remaining amount of R5500, due date of 25-01-2007, payment disc due date of 25-04-2007,payment discount tolerence date of 25-06-2007 and a remaining discount amount of 550.
When i do my cash receipt with a posting date of 17-05-2007 and without entering the amount on the journal in the amount field, the system does not give the due discount(R550) to the customer.
Am i missing any setup or anything at all, please help.
0
Comments
Navision is correct in that the customer's payment is already beyond the early payment discount. So no discount is given.
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book
Payment tolerence is if the customer short pays an amount, you recorded in your book as fully paid.
So when you bring it up in your cash receipt journal, it'll be the full amount of the invoice. If you reduce the payment amount by your tolerence amount, the invoice will be closed when you post.
AP Commerce, Inc. = where I work
Getting Started with Dynamics NAV 2013 Application Development = my book
Implementing Microsoft Dynamics NAV - 3rd Edition = my 2nd book