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We have Track Discounts Available in GL checked in Receivables Management. What are the implications of unchecking it? Will we need to create a journal entry to clear the GL account currently tracking discounts?
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Tracking Discounts Available records the value of discounts that you've extended to your customers and represents 'unrealized discounts', if you will. You would need to post a clearing entry to reverse the Discounts Available amount that has accumulated.
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