Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Contract Discount Accounting Issue

in Revenue Management 1 comment

Summary:

Content (required):

-Let's assume I have two items in Sales Order one First Item with Price (1000000) Second Item with Price (0) as it's considered as a free item then we do the shipping and generate an invoice for first item only as we don't want second item transfer to accounts receivable.

-Now we have an issue with Contract Discount as this account is consider as a clearing and it should be 0 at the end of the contract but due to not transfer second line in sales order with 0 Price, we have a balance in Contract Discount.

-Please note Obligation Percentage for First Item was (80%) and second item (20%)

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!