Cash Payment for a foreign currency Posted Sales Invoice

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Posted on by Denys De Andrado

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Hi Everyone,

While i am trying to post a Cash Receipt Journal for a foreign currency (USD) Posted Sales Invoice by using the "Preview Posting" function in the Cash Receipt Journal there is a general ledger entry with the document type as "payment" which will be posted to the "Payment Discount Granted" G/L account 9250 in the Cronus Database.

But i haven't apply any discount for the Sales Invoice.

This is the posted Sales Invoice with the currency code of USD.

The applied exchange rate is (1 USD = 200.00)

The posting preview:

The G/L entries:

Please assist me on this why does it show this discount line in the general ledger entries.

Thanks and Warm Regards,

Denys De Andrado.

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Dirk on at

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Hi Denys,

I guess you'll get a better picture of what is happing here if you look at the "Detailed Cust Ledg. Entries"

Kind Regards
Dirk

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Community Member on at

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Denys,

In the Cash Receipt Journal that you ran the Preview Posting, on the cash receipt line in question, open Apply Entries to see the breakdown of the Invoice being paid and if their is a Pmt. Discount.

In my example above, I have a $90 Invoice and a 1.80 Pmt. Discount available, if the Pmt. Discount falls within the Pmt. Discount Date and Tolerance Date.

Check this out.

Hope this helps.

Thanks,

Steve

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Denys De Andrado 280 on at

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Hi Steve,

Thanks for the help.

Thanks and Warm Regards,

Denys De Andrado.

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