Discount Amount

Enter the domestic currency amount of the discount that may be taken if the payment is made on or prior to the discount date. This amount is calculated for you when a voucher is added, using the following calculation:

       DA = (IA - NDA) * DP.

where:

  • DA = Discount Amount
  • IA = Invoice Amount
  • NDA = Non-Discount Amount
  • DP = Discount Percent

On the A/P Posted Transactions Detail and Posted Transaction - A/P forms, the domestic currency amount of the discount that may be taken if payment of the selected transaction is made on or before the discount date displays. This amount is calculated for you (using the calculation shown above) when a voucher is added.