{"id":14980,"date":"2017-01-16T10:24:12","date_gmt":"2017-01-16T10:24:12","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=14980"},"modified":"2024-02-23T09:17:13","modified_gmt":"2024-02-23T09:17:13","slug":"earned-discount-transaction-type-and-how-to-set-it","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2017\/01\/16\/earned-discount-transaction-type-and-how-to-set-it\/","title":{"rendered":"Earned Discount Transaction Type and How to set it"},"content":{"rendered":"

An\u00a0earned discount\u00a0is\u00a0a discount you give to a customer who pays on or before the discount date or within the discount grace period. For example, a customer may earn a 2% discount off the original invoice if payment is received within 10 days. The earned discount period is determined by the invoice date, apply date of the receipt, and any discount grace days.<\/p>\n

New Stuff:\u00a0<\/em><\/strong>From Customization to Competitiveness: Greytrix Sage 300 ERP Development Services assists in growth of mid-sized business<\/a><\/p>\n

In Sage 300 Earned discount transaction is a type of AR Receipt Batch. Earned discount is getting reflect in A\/R Aged Trial Balance report. To set Earned discount follow below steps:-<\/p>\n

Go to AR Invoice batch -> Create Invoice with type summary -> Add Amount for invoice.<\/p>\n

\"Create<\/a><\/p>\n

You can see in above screen shot new batch number 59 is created with invoice number IN00000000000000000034<\/p>\n

After generating invoice user need to post this invoice entry from AR Invoice batch list to reflect in AR Receipt entry.<\/p>\n

\"AR<\/a><\/p>\n

After posting batch the status of batch will get changes to posted from Open.<\/p>\n

To add discount GO to AR receipt entry form ->\u00a0Generate new batch ->Select transaction Type as a receipt -> Select customer number -> untick check box naming as Select Mode -> Select Invoice number in detail line document number -> Applied Discount taken value -> save this Receipt entry form.<\/p>\n

\"AR<\/a><\/p>\n

You can see here we have added 250.00 as a Discount amount this discount amount will get reflect as an Earned discount in Aging report against that invoice.<\/p>\n

Once user saved this receipt entry system will generate Document number and Check\/Receipt No. see below screen shot.<\/p>\n

\"AR<\/p>\n

Value of earned discount will get reflect in Aged trial balance report only after posting Receipt Entry.<\/p>\n

Post this created Receipt entry through Receipt Batch List form.<\/p>\n

\"AR<\/a><\/p>\n

To print Aged Trial balance report you need to follow below steps.<\/p>\n

Go to AR Module -> AR Transaction Report -> Aged Trial Balance Report.<\/p>\n

Open Aged Trial Balance report -> Select report type as \u201cAged Trial Balance By Document Date<\/strong>\u201d or \u201cAged Trial balance By Due date<\/strong>\u201d -> Select Age As Of date and Cut-off date -> Select all transaction type which are display in Select Transaction Type Section -> Select Applied Details and Fully Paid Transaction options -> Select from date -> Click on Print.<\/p>\n

\"AR<\/a><\/p>\n

Aged trial balance report will get generated and discount which we applied in Receipt Entry against Invoice IN00000000000000000034 will be display as Earned discount with payment entry PY00000000000000000090.<\/p>\n

\"AR<\/a><\/p>\n

This is how Earned discount is used in AR receipt entry against the AR Invoice.<\/p>\n

About Us<\/strong><\/span>
\nGreytrix<\/a>\u00a0a globally recognized Premier Sage Gold Development Partner is a one stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation expertise.<\/p>\n

Greytrix<\/a>\u00a0offers unique GUMU™ integrated solutions of\u00a0Sage 300 with Sage CRM,<\/a>\u00a0Salesforce.com\u00a0<\/a>and\u00a0Magento eCommerce<\/a>\u00a0along with Sage 300 Migration from\u00a0Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works<\/a>. We also offer best-in-class\u00a0Sage 300 customization and development services<\/a>\u00a0and integration service for applications such as\u00a0POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP<\/a>\u00a0and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services \u00a0to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity enhancing utilities that we can help you with such as\u00a0GreyMatrix<\/a>,\u00a0Document Attachment<\/a>,\u00a0Document Numbering<\/a>,\u00a0Auto-Bank Reconciliation<\/a>,\u00a0Purchase Approval System<\/a>,\u00a0Three way PO matching<\/a>,\u00a0Bill of Lading<\/a>\u00a0and\u00a0VAT for Middle East<\/a>.<\/p>\n

For more details on Sage 300 and 300c Services, please contact us at\u00a0accpac@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

An\u00a0earned discount\u00a0is\u00a0a discount you give to a customer who pays on or before the discount date or within the discount grace period. For example, a customer may earn a 2% discount off the original invoice if payment is received within 10 days. The earned discount period is determined by the invoice date, apply date of\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[79,1388,1733,1862,2324],"class_list":["post-14980","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-accpac","tag-invoiced-receipt","tag-non-invoice-receipt-report","tag-partial-invoice-receipt-report","tag-sage-300"],"yoast_head":"\nEarned Discount Transaction Type and How to Establish It<\/title>\n<meta name=\"description\" content=\"know The earned discount period is decided by the invoice date, the application date of the receipt, and any discount grace days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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