The Match company Discount Recognition field must be set to
Match.
Process |
Interface to GL |
Release receiving document |
Global Ledger Interface
|
Match invoice with 20% discount |
Journalize Distribution
|
Post discounts |
Match Discount Posting
|
Pay invoice and take discounts |
Payment Close
|
Account Description |
Debit |
Credit |
1) Inventory
|
10
|
|
1) PO Receipt Accrual
|
|
10
|
2) PO Receipt Accrual
|
10
|
|
2) Payables Accrual |
|
10
|
2a) Payables Accrual |
2
|
|
2a) Discount Accrual
|
|
2
|
3) Payables Accrual |
8
|
|
3) Discount Accrual
|
2
|
|
3) Discount Taken
|
|
2
|
3) Cash
|
|
8
|