Discounts

Discounts, which can be either profit or loss, are used to correct differences between total credit and total debit allocations. Such differences can occur if either:

  1. An over- or under-allocation creates a profit or loss.

  2. An exchange difference has occurred, due, for example, to an exchange rate change.

    For example: If $200 was worth 150 functional on an invoice but only 130 when the $200 receipt was posted, allocating the entire currency amount of each would generate a loss of 20 in functional currency.

In either case, you can make or amend (edit or delete) Discounts against a Batch Item via the Discounts window.

Discounts are always processed as functional amounts.

To view the Discounts window:

  1. In Outstanding Items, select the Item row.

    In Other Allocations, select the Other Item row.

  2. Click the Discount Splits button beneath the grid.

    The Discounts window is displayed.

    The left-hand grid details the Batch Item that was selected in the Outstanding Items grid when the Discounts window was invoked.

    The right-hand grid lists each of the Discount Splits currently configured for the selected Batch Item.

    Any errors in currently configured Discounts are indicated by a warning icon in the second grid column. Rest your cursor over this icon to view details in an explanatory tooltip:

Edit

To edit a Discount Split:

  1. In the relevant row in the right-hand grid, click (edit) to put the row into edit mode.
  2. Modify the Discount Split Amount .
  3. Optionally, annotate your edit by entering or updating the Comment .
  4. Click to save your changes.

Discount Splits

Discount Splits allow you to alter the nominal accounts to which a discount will be posted, and to sub-divide the discount between different accounts.

To create discount splits:

  1. In the right-hand grid, click + Add to insert a new row.

    The new row is inerted in edit mode by default.

  2. In the Account drop-down control, select the relevant profit/loss account for the type of Adjustment required.

    You can create only one Discount Split for each Account .

  3. Optionally, annotate each Split by entering a Comment .

  4. Enter or adjust the Amount of each Split.

    The Allocated Discount , Total Discount , and Allocation Difference values displayed at the foot of the grid are automatically updaed as you make your changes.

  5. Click to save your changes.

Delete

To delete a Discount Split:

  1. In the right-hand grid, select the Discount Split that you want to delete.

  2. Click (delete).

    You are prompted for confirmation.

  3. Click OK to close the confirmation dialog.

    The Split is deleted.