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Discounts lost on payable

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July 27, 2015 11:38AM
Hello,

I have version 2015.05.00.27 installed.

On or about July 1, I entered a purchase for diesel fuel. The gross amount being $1534.39, and the discounted amount being $1512.97. The purchase transaction was completed with a payable line item, with the discount date set for 7/11/2015.

On July 10, I entered a payment against the payable. In looking at the purchases transaction maintenance for the payable selection, I see the "take discounts" box is selected, the discounted amount of 1512.97 appears with a discount date of 7/11/15. The Gross amount $1534.39 is displayed. The amount to pay valued of $1512.97 is displayed, as expected. I was not concerned about this until looking at my accounts payable report this morning in which I observed an outstanding payable of $21.42 associated with the purchase. Reviewing the journal entry shows a debit to accounts payable of $1491.55, a debit to Discounts Lost of $21.42, and a credit to the checking account for $1512.97. I have four other purchase transactions presenting a similar issue.

From the accounting menu, selecting options, the purchases tab is configured to record purchases at discounted value.

Is this a bug, user problem, corrupt database, or other?

Thanks,
Chris
SubjectAuthorPosted

Discounts lost on payable

ChrisJuly 27, 2015 11:38AM

Re: Discounts lost on payable

KathyClineJuly 27, 2015 12:54PM

Re: Discounts lost on payable

ChrisJuly 27, 2015 01:25PM

Re: Discounts lost on payable

KathyClineJuly 27, 2015 03:43PM



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