Currently the auto calculation of an early AR discount can only be based on the net price of the invoice, but I've encountered some clients that wish for the discount to be applied on the gross price.

Example:

A sales invoice is generated when the gross price is $100 and there is a $2 special order discount applied at the time of invoicing. In this scenario the receivables are charged for $98, the sales account is charged for $100 and a discount account for $2.

On this invoice the customer is also entitled to a 1% early payment discount. Currently in x3 when a payment is entered against this invoice this 1% can only be applied on the $98, providing for a $0.98 discount, but in this business scenario clients wish to have the 1% discount applied against the $100 (gross) providing for a $1.00 discount.

by: Kevin C. | over a year ago | Financials