Tip & Trick – Sage X3 – How to do the setup for allowing discounts at the payment stage after the invoice/open item was created.

The below steps will show you how to do the setup for allowing discounts at the payment stage after the invoice/open item was created.

Step 1 - Confirm that the Accounting code setup is correct

1a) Navigate to Setup> Financials> Accounting codes

1b) Select the “Payment” type

i) Enter the GL account to be affecting when there is a discount received on a payment receipt i.e., Profit line

ii) Enter the GL account to be affected when there is a discount granted on a payment issue i.e., Loss line

Step 2 - Then when capturing the payment, select the invoice and enter the discounted amount on the first line

2a) On the second line, select Attribute [ZASDT] and enter the discount amount

i) You can select a VAT code where applicable

Step 3 - The Journal is created

For more information on Sage X3 contact us on info@sysfinpro.com or by phone on +27 12 880 0258.