In the PDF template of the bill payment, there is field ‘Disc. Taken’.
There are no fields in bill related to Discount. In Bill payment, Disc. Date, Disc. Avail and Disc. Taken fields are shown along with the bill details under Applied to subtab. While entering Disc. Taken field and clicking Save, following notice is displayed.
‘Please Set Up Discount Accounts first.’
How can Discount fields be shown in bill payment and PDF print accordingly?
Solution:
We have to set up ‘Purchase Discount Account’ in Accounting Preferences.
Disc. Date and Disc. Avail fields displays in Bill payment according to the Terms selected in corresponding bill.
For example, Terms selected in bill is ‘2% 10 Net 30’
2% discount should be available on next 10 days from transaction date.
If transaction date is 05/04/2023. Disc. Date will be 15/04/2023, and Disc. avail will be 2% of bill total.
Regarding the field ‘Disc. Taken’, it will populate the value ‘Disc. avail’. But we can manually update the value, and bill payment record can be saved only if purchase discount account is set up in account. If discount account is not set up in account, bill payment can be saved without giving ‘Disc. Taken’ values.