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Discounts on AP Credit Memo

  • 1.  Discounts on AP Credit Memo

    Posted Feb 06, 2019 10:26 AM
    ​​We are experiencing AP credit memo's not being discounted.  Is this standard for GP?  Can it be changed?  If we receive an invoice for $100 with a $1 discount and a credit memo for $100 with a $1 discount, we will end up with $1 of credit memo remaining open.  The invoice will take the available discount, but the credit memo ignores its available discount.

    What am I missing?

    In order to rectify this, we either have to enter the credit memo short the discount or we have to force the invoice to not take the available discount.  There's got to be a better way.

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    Josh Case
    Great Lakes Forest Products Inc
    Elkhart IN
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  • 2.  RE: Discounts on AP Credit Memo

    TOP CONTRIBUTOR
    Posted Feb 06, 2019 11:14 AM
    Great Plains does not calculate due dates, or discount dates, or discounts on credit memos, only on invoices.
    I am in IT, I forget whether the discount is calculated on the total invoice or the invoice less the credit memo.

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    Bruce Strom
    Programmer Analyst
    Associated Grocers of Florida / Supervalu
    Sunrise FL
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  • 3.  RE: Discounts on AP Credit Memo

    TOP CONTRIBUTOR
    Posted Feb 06, 2019 11:28 AM
    ​Hi @Josh Case

    When you enter the credit memo, place the discount in the Trade Discount field:



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    Shari Bruno
    Accounting Operations Manager
    Bible League International
    Crete, IL
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  • 4.  RE: Discounts on AP Credit Memo

    SILVER CONTRIBUTOR
    Posted Feb 06, 2019 11:37 AM
    ​Hi Josh,

    If your Invoice is $100 with $1 discount, your credit memo amount should be $99 only.

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    Cecile Dinh
    GPUG Arlington Chapter Leader
    GPUG 2018 Sapphire Awardee
    GP Admin at ARC (Airlines Reporting Corp.)
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