Scenario: Settle a partial vendor payment that has discounts on vendor credit notes

Important

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Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Fabrikam’s vendors give cash discounts on credit notes. Vendor 3050 lets Fabrikam take a cash discount of 1 percent if an invoice is paid in 14 days.

On June 29, April creates an invoice for 1,000.00 for vendor 3050. On July 2, she creates a credit note for 200.00.

In the Vendors form, on the Action Pane, April clicks the Invoice tab, and then clicks Settle open transactions. She can use the Settle open transactions form to mark both the credit note and the invoice for settlement. A discount of 2.00 is calculated on the credit note. Therefore, the total value of the credit note is reduced to 198.00.

Mark	Use cash discount	Voucher	Account	Date	Due date	Invoice	Amount in transaction currency	Currency	Amount to settle
Selected	Normal	Inv-10070	3050	6/29/2015	7/29/2015	10070	-1,000.00	USD	-990.00
Selected and highlighted	Normal	CR-10070	3050	7/2/2015	7/29/2015		200.00	USD	198.00

Discount information for the credit note is shown at the bottom of the Settle open transactions form.

Cash discount date	7/13/2015
Cash discount amount	2.00
Use cash discount	Normal
Cash discount taken	0.00
Cash discount amount to take	2.00

April clicks Update. She then reviews the completed settlement. April sees that 198.00 of the credit note was applied, and a discount of 2.00 was taken on the invoice. Therefore, the total is 200.00.

Mark	Use cash discount	Voucher	Account	Date	Due date	Invoice	Amount in transaction currency	Currency	Amount to settle
Selected and highlighted	Normal	Inv-10070	3050	6/29/2015	7/29/2015	10070	-1,000.00	USD	-200.00
Selected	Normal	CR-10070	3050	7/2/2015	7/29/2015	CR-10070	200.00	USD	198.00

Discount information for the invoice is shown at the bottom of the Settle open transactions form.

Cash discount date	7/13/2015
Cash discount amount	-10.00
Use cash discount	Normal
Cash discount taken	0.00
Cash discount amount to take	-2.00

April can review the vendor transactions in the Vendor transactions form. (Click Accounts payable > Common > Vendors > All vendors. Select a vendor. On the Action Pane, click Transactions.) In this form, April sees that the invoice has a balance of -800.00. She also sees a credit note for 198.00 and a discount of 2.00.

Voucher	Transaction type	Date	Invoice	Amount in transaction currency debit	Amount in transaction currency credit	Balance	Currency
Inv-10070	Invoice	6/29/2015	10070		1,000.00	-800.00	USD
Inv-10071		7/2/2015	CR10071	200.00		0.00	USD
DISC-10071		7/2/2015		2.00		0.00	USD
DISC-10071		7/2/2015			2.00	0.00	USD

See also

Scenario: Settle a vendor payment with an invoice

Scenario: Settle vendor payments by using payment proposals

Scenario: Settle a partial vendor payment and settle the final payment in full before the discount date

Scenario: Settle a partial vendor payment before the discount date with a final payment after the discount date

Scenario: Use the "Date to use to calculate discounts" field to control discount calculations for vendor payments

Scenario: Settle a partial vendor payment that has multiple discount periods

Scenario: Take a discount that is more than the calculated discount for a vendor payment