Specifies the type of sales discounts to post separately.
The choice in this field only affects the general ledger. It does not affect posting to the customer ledger.
Determine the discount type by clicking the field and selecting one of the following options:
No Discounts
Invoice Discounts
Line Discounts
All Discounts
If you select No Discounts, the program will not post discounts separately but instead will subtract the discount before posting. Therefore, you will not see the discount amount in the Chart of Accounts window.
If you select Invoice Discounts, the program will post the invoice discount and the invoice amount simultaneously. The program uses the invoice discount account that you have entered in the Sales Inv. Disc. Account field in the General Posting Setup table. You will be able to see the discount amount in the chart of accounts.
If you select Line Discounts, the program will post the line discount and the invoice amount simultaneously. The program uses the line discount account that you have entered in the Sales Line Disc. Account field in the General Posting Setup table. You will be able to see the discount amount in the chart of accounts.
If you select All Discounts, the program will post invoice and line discounts at the same time as it posts the invoice amount. The program will use the invoice discount account number that you have entered in the Sales Inv. Disc. Account field and the line discount account number in the Sales Line Disc. Account field in the General Posting Setup table. You will be able to see both discount amounts in the chart of accounts.
The default option for the field is No Discounts.
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