Discounts on Vendor Invoices

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mikeguil
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Discounts on Vendor Invoices

Post by mikeguil » 01 Dec 2010 08:13

I have a vendor that offers a 2% Net 30 discount, but it's only on the value of the product purchased, not the HST or other charges (such as Handling). The discount procedure in MW seems to only offer the discount off the total amount.

Is there anyway around this?

Andy
Posts: 23
Joined: 12 Apr 2008 00:02
Location: Toronto , Canada

Post by Andy » 22 Dec 2010 18:16

Can't you just enter the actual amount paid or recieved and write of the outstanding amount when entering the payment or receipt? the amount is a user entry anyway and most invoices with such a discount will show the amount to pay.... However your question explains why some folks who take our 2% discount take less than we ae offering... or more in some cases.

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mikeguil
Posts: 192
Joined: 29 Nov 2006 09:49
Location: Elmvale, Ontario
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Post by mikeguil » 23 Dec 2010 02:07

That's what I have been doing... but another supplier does the discount as one would expect and it's just more convenient that way. What can I say... I'm lazy! :wink:

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