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Discount in Receivables — Cloud Customer Connect
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Discount in Receivables

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edited Apr 3, 2020 8:22AM in Receivables & Collections 3 comments

Summary

How to add discount accounting in AR

Content

Hi Experts 

Existing discount functionality –

There is a DFF to capture discount in transactions. Therefore whenever a discount is captured the accounting entry is –

 

Receivable DR

To Revenue CR

 

New Requirement –

The client wants the discount line to also appear in the accounting entry –

 

Receivable DR

Upfront commission DR

To Revenue CR

 

Can anyone tell me the required steps needed to fulfill this requirement?

 

Any help will be highly appreciated

Thanks in advance

Regards

Pooja

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