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AE: Discount Account

edited Feb 3, 2022 10:30AM in Ask A Guru 4 comments

Hi all, I have a question from our accounts team I was wondering if you knowledgable people could help point me in the right direction.

  1. Some of our customers are given a cash discount when they pay within so many days, we raise this through a credit note so we can claim back the VAT.

  2. However, when I raise a credit note they are being posted to 4100 – Sales, when it needs to be posted to 4200 – discounts.

blob:https://community.oracle.com/fa807e1c-6056-4a26-a6c7-2f1019f1d755 There was an error displaying this embed.


I can see on the accounting tab there is an option to change the credit account but not the debit:

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