I work on an order fulfillment/billing system that generates invoices and exports them to AX for management of receivables. We're looking at offering early payment discounts to boost our cash flow and cut down on aged accounts.
It's easy enough to implement on my side, but so far our accounting team has had trouble figuring out the best way to handle the discounts on the AX side.
I've seen accounting advice about posting a debit to a sales discount account when posting a discounted payment. I've also seen a brochure for a POS add-on that posts the invoice at the discounted amount, then adjusts the invoice amount when the discount date has passed.
I'd be curious to know how users have implemented early payment/early settlement discounts in their own environments, so I can provide some guidance to our accounting team and we can move ahead with the project.
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