There should be a simpler way to post a cash discount on a customer cash receipt. Other accounting software I've used allows the user to enter the discount at the same time as the cash receipts entry is made. After searching the knowledge base the only method I could find was to post the cash receipt for the amount of the payment THEN go into Adjust Receivables to clear the balance.
by: Leigh J. | over a year ago | Other
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I need to issue a credit memo to reflect an early payment discount. Can we post it directly once we enter the payment date? Or have an option to post it into a designated GL account?