Receivables Transaction Entry window question - Discount Taken

(0) Share

Report

Posted on by Ron Alexander

203

Hello

Does anyone know how the field "Terms Disc Taken" in the Receivables Transaction Entry window is supposed to work? This is the field just above the "On Account" field in the lower right of the window.

I have a client trying to enter an amount into this field, however when they try to post the invoice they receive the error "A discount cannot be taken without a credit document amount"

The client would like to use this field because they are being charged back a fee from their customer. This reduces the total invoice, however this reduction has to happen after taxes are calculated (so Trade Discount field doesn't work in this scenario). For example, $100 invoice + $6 tax = $106 total. $1.50 fee reduces total on account to $104.50

This particular fee is not a fixed percentage or fixed amount either so I don't believe payment terms will work. The amount will change with each invoice entered. This field seems like it just what we want but not sure why it doesn't work.

Thanks - Ron

Categories:

Microsoft Dynamics GP

I have the same question (0)

All responses (2)

Answers (1)

Ron Alexander 203 on at

Like (0)

Report

RE: Receivables Transaction Entry window question - Discount Taken

Thanks for the information on how the field operates. I'll pass this on to the client.

Was this reply helpful? Yes No
Verified answer

Mick Egan 3,561 on at

Like (0)

Report

RE: Receivables Transaction Entry window question - Discount Taken

Ron,

To use this field the Customer would need to be in Credit, so they could have a Cash Receipt Amount outstanding, and then could enter up to that amount as the Terms Discount.

In my example changed the Customer Payment Terms to use a Discount, and then entered a Cash Receipt.

After creating an Invoice, and entering a Payment on the Transaction, the Discount Automatically Caculated.

So there are a couple of Options, but basically the Customer needs a Payment and time of Invoicing or be in Credit.

Mick

Was this reply helpful? Yes No