ERPstuff - Oracle EBS Community

HI all

Please guide me how to deal with the Discount received from supplier in AP???

I want the entry as :

Laibility account (Dr) 1000
Bank Account (Cr) 900
Discount Received (Cr) 100

Thanks in advance

Hello.

Record a Debit Memo with the supplier with the following accounting:

DR Liability 100
CR Discounts (Revenue) 100

You will need to correct you entry to:

DR Liability 900
CR Bank 900

Octavio

Hallow:
You need to record the discounts as separate transaction "Debit Memo"
Then you can pay the original invoice and the related Debit memo in one payment. The result will be the net amount to your supplier

Regards