[Question] Discount on Pastel Invoices

[Annelise]

Good day
Currently my Customer invoices show Disc %. Is it possible to Change it to a R value?
tx

[Kevin Smith]

Hi Annelise

You can change the invoice layout to give you "Unit price before discount" and "Unit Price after discount", but I can't find a database field for line item discount amount in the forms designer, so I think the answer is no. Maybe someone else has a solution.

If you wanted to change as per the above, you would use "Line Item Unit Price" and "Line Item Nett Amount Per Unit" fields from forms designer. You could also leave the discount% field between them on the invoice.

[Jillikins]

Good day,

I would like to introduce rounding onto my invoices. In other words the balance owing will be rounded down to the nearest 10. How can I show this on the invoice and to which ledger account do I send the amount rounded?

Regards

[Jillikins]

Good day
Currently my Customer invoices show Disc %. Is it possible to Change it to a R value?
tx

I picked up that on our invoices we show the %-age and amount. The database field used for the amount is "Overall Discount Amount". This can be changed on the Forms Designer. Hope my comment is applicable.

[Kevin Smith]

Go into Setup - Customer Control. There is a rounding Tab. Select round Down, choose the GL account you want to send the rounding to (either create expense account/COS account for rounding) and select round to the nearest 10. The last line on the invoice when printed will show the GL account and the rounding amount.

[Jillikins]

Thank you Keith. Any specific GL account or any number as long as it is an expense

[Kevin Smith]

Yes. You can create a Rounding account in the GL. It would either be an expense, or a Cost of Sales account, depending on how you want it reflected in the Income Statement. Due to the fact that the discount is processed at time of sale, I would suggest treating it as a cost of sales account.