. I want to enter a discount received from a supplier.

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  • Updated 11 months ago
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Running Reckon Premier 2017 on Windows 10. I want to enter a discount received from a supplier. Is the best way a journal debiting Accounts Payable and crediting Inventory? If I do that I get "Transaction split lines to accounts payable must include a supplier on that split line". Fair enough but when I click the split line I get debtors, not creditors. How do I overcome this or is there a better way to handle discount received?
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brian

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Posted 11 months ago

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Shane, Employee

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Hi Brian,

Its probably easier to create a supplier credit note for the discount.  Enter the bill for the full amount.  At the time of paying the bill apply the credit note, and pay the discounted amount.

Regards,
Shane.
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brian

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Thanks Sane. That worked! I've been over complicatimg it. Thaks for the help.