Discount Posting Field, Purchases & Payables Setup Table

Specifies the type of purchase discounts to post separately.

Determine the discount type by clicking the field and selecting one of the following options:

Option	Functionality
No Discounts	If you select No Discounts, the program will not post discounts separately but instead will subtract the discount before posting. Therefore, you will not see the discount amount in the Chart of Accounts window.
Invoice Discounts	If you select Invoice Discounts, the program will post the invoice discount and the invoice amount simultaneously. The program uses the invoice discount account that you have entered in the Purch. Inv. Disc. Account field in the General Posting Setup table. You will be able to see the discount amount in the chart of accounts.
Line Discounts	If you select Line Discounts, the program will post the line discount and the invoice amount simultaneously. The program uses the line discount account that you have entered in the Purch. Line Disc. Account field in the General Posting Setup table. You will be able to see the discount amount in the chart of accounts.
All Discounts	If you select All Discounts, the program will post the invoice and line discounts at the same time as it posts the invoice amount. The program uses the invoice discount account number that you have entered in the Purch. Inv. Disc. Account field and the line discount account number in the Purch. Line Disc. Acc. field in the General Posting Setup table. You will be able to see both discount amounts in the chart of accounts.

The default option will be No Discounts if you leave this field blank.

Tip

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Parent Tables

Table	Location
Purchases & Payables Setup Table	Purchases and Payables
Purchases & Payables Setup Table	Purchases and Payables

See Also

Reference

Purchases & Payables Setup