Add Vendor Discount |
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There are a number of ways vendor discounts can be added, including adding to individual invoices. 1.Add a negative expense PO for the amount of the discount and select a GL account for vendor discounts. This will generate a credit to be applied to the invoice but will not reduce the COGS on the original PO. 2.Add a negative expense PO for the amount of the discount and link it back to the original PO. This will reduce the COGS of the stock on the original PO on a pro rata basis and won't report into a separate GL account. This will generate a credit to be applied to the invoice. 3.To add to individual invoices, add a journal stock code for vendor discount, then add this stock to each PO for the vendor. Order and receive a quantity of 1 and enter the discount amount as a negative value. This will reduce the PO value so it matches the vendor invoice but it will not reduce the COGS of the stock on the PO.
Further information Purchase/Expense Order Footer Tabs Purchase Order Approval Process Opening Balance Purchase Order Add an Amount to a PO when Finished at $0 Add Comments to a Purchase/Expense Order Add Freight to a Purchase Order Fix Incorrect Pricing after PO Finished Handle Employee Reimbursements Handle a Credit for Freight Charged Link a Job to a Purchase Order Link Expenses to a Purchase Order Print a Purchase/Expense Order Progress Payments on Purchase Orders Record One Invoice Number on Multiple POs Record Overseas Purchases, GST, Import Costs |