How to account for Ad hoc discounts and their tax implications?
i have a customer that short pays their invoices every month.
This is not anticipated so no prompt payment discount is created at the time of raising the invoice.
Is there a way to split the discount you have given to a customer into the tax component and the profit & loss component?
there is a $500 discount that is being given to a customer on an invoice worth $381.26
This was not anticipated when the invoice was raised,. Essentially it is just allowing the customer to short pay.
Is there a way to split this $500 discount into tax and 'sales discount GL' component?