Disc. Date (Discount Date) is the date when the term discount of the invoice expires. This is computed by excluding the first day and including the last day of the discount period. To illustrate, if the invoice has a term of 2% 10 Net 30 and the invoice is dated 12/23/2011 then Disc. Date is 1/2/2012. Disc. Date is automatically populated when there is a term discount set in the Invoice.
Disc. Avail. (Discount Available) is the term discount which is available to the customer when he pays within the Disc. Date. This will be given to the customer as an incentive for prompt payment. This is computed by multiplying the Amt. Due (Amount Due) and the discount from Terms.
Disc. Taken (Discount Taken) is the discount customer received for paying the invoice within the discount terms. The Disc. Taken automatically populates if there is amount in the Disc. Avail and the payment date is within the Disc. Date. User has the option to override the amount computed by the system.
Hello, is it possible to assign the DISC. fields to a different GL account?ReplyDelete