Hello dear community,
I have a quesation about vendor cash discount: it should be calculated from gross invoice amount and the tax should be posted separately.
For example: we have vendor invoice 1190€, cash discount (10 days 1%) should be 11,90€.
We pay to vendor 1190€ -11,90€=1178,10€.
The cash discount should be posted like:
Accounts payable 11,90
vendor cash discount -10
VAT tax receivable -1,90 (VAT 19%)
Instead, it posts the whole 11,90€ on cash discount account, without separating the tax receivable:
Our current setup is:
Do you have any idea, what we are missing? is there some extra parameter in setup, that defines, that the tax from cash discount should be posted separately?
I found the blog post of Ludwig and we have done the same setup to get this posting of Ludwig, but somehow it doesn't work with our setup:
https://dynamicsax-fico2.com/2016/05/03/einige-hinweise-zur-buchung-von-kreditorenskonti/#respond
Ludwig Reinhard could you please take a look at the problem?
Thank you so much!
