Topic: payment discount
In 2009 Joe wrote:
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Due to various rules on how to calculate the percent I will demonstrate how it works:
Customer A has marked 2.5% for prompt payment discount. We issue an invoice on $125.
You get payment from your customer A. A field indicates that customer A has prompt payment discounts on 2.5% (only informative field). You decide if this is a prompt payment and then it is up to you to split the fysical payment and the discount field (due to various rules on how to calculate ev. tax). If you want full 2.5% on $125 and you got $121,87 from Customer A you enter that in the first field and the discount $3,13 in the second field.
Now you process the payment and if you continue to immediate allocation you will see that everything end up right-
/Joe
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Which modul did Joe described: 'customer payments' or 'allocate customer payments'?
And what about tax, if discount was given? I think, it should be, if not must be reduced.
Am i wrong?
barney