Discounts on Scheduled Payments

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Posted on by Kristalyn

We have a few vendors that offer us split monthly payments on many of our invoices. Scheduled Payments has worked well for this and has been a real time-saver.

However, one vendor also offers discount terms on top of the monthly payments. Is there a way for the scheduled payments to keep the same discount term as the original invoice or at least capable of entering the discount when entering the scheduled payment?

Thanks for your help!

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Microsoft Dynamics GP

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Hokuminaria 2,950 on at

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RE: Discounts on Scheduled Payments

Hello Kristalyn,

With Scheduled Payments, the discounts do not work with these. When you create a Schedule Payment from an Invoice, GP Automatically creates a Credit Memo and applies to the Invoice that is used for the Scheduled Payment. With this process, it does not take the Discounts into account.

One thing that you can do is if you are able to determine what the discount for the entire Schedule will be, you can include it in the original invoice when you created it before assigning it to the Schedule. The problem with this is the discounts wont be able to be tracked in a discount account as we do not hit that account when paying a Schedule Payment.

You could look for a third party that might be able to provide this functionality. Below is a link to locate possible third parties.

http://www.isv-central.com/search/products.aspx

Additionally, this would be a great feature to possibly have added to GP in a future update. You can submit a product suggestion using the link below.

https://ideas.dynamics.com/ideas/

I hope this helps!

Brandon Jarrett | Microsoft Support Engineer