Questions and Answers
Q: A payable with an applicable discount is entered and saved. It is then approved and paid within the discount period and, as a result, a discount is applied to the payable. However when the transaction records are examined in the APDIST table, the discount has been posted to an account that is different from the Discount Account in Accounts Payable (AP) Setup.
A: The discount account that is used in this situation is the one that is specifically assigned to the checking account. When a checking account is added to AP, a Discount Account and Adjustment Account are assigned to it. These accounts can be different from those in AP Setup and override those settings. To verify which account is assigned to each checking account, follow the steps below:
- Open the AP module.
- Under the Maintain menu, click Check Accounts.
- Select the correct checking account from the Account Number picklist.
- Verify the Discount Account and Adjustment Account assigned.
Important
Any changes to account setup should only be done after consulting with a Certified Accountant. Please refer to the Accounts Payable Documentation for more information.
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