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 |