{"id":7741,"date":"2015-10-29T07:33:07","date_gmt":"2015-10-29T07:33:07","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sagex3\/?p=7741"},"modified":"2018-09-24T10:26:08","modified_gmt":"2018-09-24T10:26:08","slug":"how-to-use-and-setup-the-functionality-of-early-discount-late-charges-in-supplier-invoice","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sagex3\/2015\/10\/29\/how-to-use-and-setup-the-functionality-of-early-discount-late-charges-in-supplier-invoice\/","title":{"rendered":"How to use and setup the functionality of early discount \/ late charges in Supplier Invoice"},"content":{"rendered":"

Go to Common data \u2192 BP tables \u2192 Early discount\/late charge<\/p>\n

New Stuff:\u00a0<\/strong><\/em>How to set the Price by default Standard cost?<\/a><\/p>\n

Do the setup as per the requirement by entering early discount\/ late charges in days and its rate in percentage.<\/p>\n

\"o8\"<\/a>As in the above Image \u2013<\/p>\n

    \n
  1. \u2013 (minus) indicates discount while rest are charges.<\/li>\n
  2. 0 to – 4 days, the system will consider no discount<\/li>\n
  3. \u2013 5 to \u2013 09 days, the system will consider \u2013 1% discount<\/li>\n
  4. \u2013 10 and above days, the system will consider \u2013 10% discount<\/li>\n
  5. Whereas 0 to 9 days, the system will not consider any discount or charges, because it is set to 0<\/li>\n
  6. 10 to 29, days system will consider 5% late charges<\/li>\n
  7. 30 to 59 days, the system will consider 8 % late charges<\/li>\n
  8. And 60 and above, system will consider 10 % late charges.<\/li>\n<\/ol>\n

    Now go to Setup –) A\/P-A\/R accounting –) Payment attributes
    \nMake sure that it has to be Account< -> BP and marked as early discount<\/p>\n

    \"o9\"<\/a><\/p>\n

    Now to make the created Payment attribute as a
    \nGo to Setup \u2192 General parameters \u2192 Parameter values \u2192 AP\/AR Accounting \u2192 Early Disc (TDC)
    \nRight click and go to detail, and enter the default Payment attributes against the line no 4 and 6, which you have created above.<\/p>\n

    Also, select the due date for the calculation of Discounts \/ Charges. The possible values are \u2013 Open item due date and Invoice date.<\/p>\n

    \"o10\"<\/a><\/p>\n

    Don\u2019t forget to tag account against discount or late charges. To add the same go to
    \nSetup \u2192 Financials \u2192 Accounting interface \u2192 Accounting codes \u2192 Payment
    \nEnter the desired location for loss and profit.<\/p>\n

    Now go to payment terms and define the payment term. Please note that based on Payment term date and Due date basis (Open item or Invoice date) system will consider the Due date.
    \nNow to check, if this is working as per setup, go to A\/P-A\/R accounting \u2192 Invoicing \u2192 Supplier BP Invoice<\/p>\n

    \"o11\"<\/a>Create a new Invoice and select Early Discount \/ Late charge, which you have created above.
    \nHere due date is Accounting date is 10\/16\/15 and the due date is 11\/30\/15 – Refer Above Image.<\/p>\n

    After posting Invoice go to A\/P-A\/R accounting \u2192 Payments\u00a0\u2192 Payment\/receipt entry
    \nCreate a Payment entry for the created Invoice. Please make sure that you are creating payment either Backdated or on a future date to avail the early discount \/ late charges.
    \nAs soon as you will select Invoice no, the system will auto calculate Discount\/Charges- refer Below Image.<\/p>\n

    \"o12\"<\/a>
    \nAs you can see the system has granted 2% early discount.<\/p>\n

    About Us<\/strong><\/span>
    \n    Greytrix<\/a> \u2013 a 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>\u00a0caters to a wide range of Sage Enterprise Management (Sage X3) offerings \u2013 a Sage Business Cloud Solution. Our\u00a0unique GUMU™ integrations include Sage Enterprise Management (Sage X3) for Sage CRM<\/a>,\u00a0Salesforce.com<\/a> and\u00a0Magento eCommerce<\/a>\u00a0along with Implementation and Technical Support worldwide for Sage Enterprise Management (Sage X3)<\/a>. Currently we are Sage Enterprise Management Implementation Partner<\/a> in East Africa, Middles East, Australia, Asia.\u00a0We also offer best-in-class\u00a0Sage X3 customization and development services<\/a>,\u00a0integrated applications such as POS<\/a> | WMS<\/a> | Payment Gateway<\/a> | Shipping System<\/a> | Business Intelligence<\/a> | eCommerce<\/a> and have developed add-ons such as Catch \u2013 Weight <\/a>\u00a0and Letter of Credit<\/a> for Sage Enterprise Management to Sage business partners, end users and Sage PSG worldwide.<\/p>\n

    Greytrix is a recognized Sage Rockstar ISV Partner<\/a> for GUMU™ Sage Enterprise Management \u2013 Sage CRM integration also listed on Sage Marketplace<\/a>; GUMU™ integration for Sage Enterprise Management \u2013 Salesforce is a 5-star app listed on Salesforce AppExchange<\/a>.<\/p>\n

    For more information on Sage X3 Integration and Services, please contact us at\u00a0x3@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Go to Common data \u2192 BP tables \u2192 Early discount\/late charge New Stuff:\u00a0How to set the Price by default Standard cost? Do the setup as per the requirement by entering early discount\/ late charges in days and its rate in percentage. As in the above Image \u2013 \u2013 (minus) indicates discount while rest are charges.\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[618,862,1138,1941,1942,2214],"class_list":["post-7741","post","type-post","status-publish","format-standard","hentry","category-sage-erp-x3","tag-discount-in-supplier-invoice","tag-functionality-of-early-discount","tag-late-charges-in-supplier-invoice","tag-sage-x3-technical","tag-sage-x3-technical-assistance","tag-supplier-invoice"],"_links":{"self":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/7741","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/comments?post=7741"}],"version-history":[{"count":1,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/7741\/revisions"}],"predecessor-version":[{"id":16052,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/posts\/7741\/revisions\/16052"}],"wp:attachment":[{"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/media?parent=7741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/categories?post=7741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greytrix.com\/blogs\/sagex3\/wp-json\/wp\/v2\/tags?post=7741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}