Trade Discount in Receivable

Hi,

 

We offer our customers a discount against cash sales. The salesperson (business location) are given authority to use discount to increase the sales. The discount amount is based on different business case and there is no fixed percentage.

Salesperson take necessary decision while dealing with customers. These all transactions are on cash basis and the payment term is immediate.

 

Example - Sales person sale the goods for 10 which has the price 12. He collect 10 from the customer in cash.

User need to record the revenue, receivable and discount through Receivable to generate the below accounting;

 

On booking of Sales invoice;