A sales discount is a reduction in the price of a product or service that is offered by the seller, in exchange for early payment by the buyer.<\/p>\n\n\n\n
An example of a sales discount is for the buyer to take a 1% discount in exchange for paying within 10 days of the invoice date, rather than the normal 30 days (also noted on an invoice as “1% 10\/ Net 30” terms). Another common sales discount is “2% 10\/Net 30” terms, which allows a 2% discount for paying within 10 days of the invoice date, or paying in 30 days. If a customer takes advantage of these terms and pays less than the full amount of an invoice, the seller records the discount as a debit to the sales discounts account and a credit to the accounts receivable account.<\/p>\n\n\n\n
In Sage x3 we can setup Discount calculation on what basis it should be calculated. In sales document we can enter Discount which will be calculated on 3 basis \u2018By unit\u2019, \u2018by Line\u2019, \u2018by Document\u2019.<\/p>\n\n\n\n
Users may want to add a discount amount on the sales invoice line level and have the discount amount post to a specific GL account.<\/p>\n\n\n\n
These steps will help you setup a sales invoice line discount:<\/p>\n\n\n\n
STEPS 1<\/strong> :- > The value type = Amount, the Sign = Decrease STEPS 2<\/strong> :- STEPS 3<\/strong> :- This blog helps you to setup of a Sales Discount at the Line Level of a Sales Invoice.<\/p>\n\n\n\n Greytrix \u2013 a globally recognized and one of the oldest Sage Development Partners is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience and expertise, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development, and implementation competence.<\/p>\n\n\n\n Greytrix has some unique integration solutions developed for Sage CRM<\/a> with Sage ERPs namely Sage X3<\/a>, Sage Intacct<\/a>, Sage 100<\/a>, Sage 500<\/a>, and Sage 300<\/a>. We also offer best-in-class Sage ERP and Sage CRM customization and development services to Business Partners, End Users, and Sage PSG worldwide. Greytrix helps in the migration of Sage CRM from Salesforce | ACT! | SalesLogix | Goldmine | Sugar CRM | Maximizer. Our Sage CRM Product Suite includes addons like Greytrix Business Manager, Sage CRM Project Manager, Sage CRM Resource Planner, Sage CRM Contract Manager, Sage CRM Event Manager, Sage CRM Budget Planner, Gmail Integration, Sage CRM Mobile Service Signature, Sage CRM CTI Framework.<\/p>\n\n\n\n Greytrix is a recognized Sage Champion Partner for GUMU™ Sage X3 \u2013 Sage CRM integration listed on Sage Marketplace<\/a> and Sage CRM \u2013 Sage Intacct integration listed on Sage Intacct Marketplace<\/a>. The GUMU™ Cloud framework<\/a> by Greytrix forms the backbone of cloud integrations that are managed in real-time for the processing and execution of application programs at the click of a button.<\/p>\n\n\n\n For more information on our integration solutions, please contact us at sage@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":" A sales discount is a reduction in the price of a product or service that is offered by the seller, in exchange for early payment by the buyer. An example of a sales discount is for the buyer to take a 1% discount in exchange for paying within 10 days of the invoice date, rather\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5,8,10],"tags":[617,2952,1981],"class_list":["post-23430","post","type-post","status-publish","format-standard","hentry","category-faq","category-features","category-sage-erp-x3","category-standard","tag-discount","tag-sales-discount","tag-sales-invoices"],"_links":{"self":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/23430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/comments?post=23430"}],"version-history":[{"count":3,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/23430\/revisions"}],"predecessor-version":[{"id":23436,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/23430\/revisions\/23436"}],"wp:attachment":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/media?parent=23430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/categories?post=23430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/tags?post=23430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Setup the Sales invoice element for the sales discount<\/p>\n\n\n\n
> Select the desired accounting code with the appropriate GL accounts
> Click Element position to verify that the invoicing element will be included on the invoice.
> Click Control when finished. Refer the below Fig.1. Sales Invoicing Elements<\/p>\n\n\n\n\n\n
Define the Price Structure
> Go to Setup > Sales > Price lists > Price structure
> For example we are setting up a decreasing amount. The value = Amount, calculation basis = By line, Net price = No, and the desired invoicing element.<\/p>\n\n\n\n\n\n
Create the Sales invoice
> I have created a Sales invoice for 2 items @ $100 each. The line discount amount is $5.00.
> The Sales invoice amount will update to $195.
> When posting to the General Ledger the $5.00 discount amount will post to the account defined in the Sales invoice element.<\/p>\n\n\n\n\n\nAbout Us<\/strong><\/h2>\n\n\n\n