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 Add an Amount to a PO when Finished at $0 Add Comments to a Purchase/Expense Order Add Freight to a Purchase Order Enter Progress Payments on Purchase Orders Export a Purchase Report to Spreadsheet Fix Incorrect Pricing after PO Finished Fix Incorrect Vendor on Purchase Order 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 Record One Invoice Number on Multiple POs Record Overseas Purchases, GST, Import Costs |