Specifies whether to recalculate tax amounts when you post payments that trigger payment discounts.
For example, if a customer receives payment discounts for a timely payment, the program will recalculate the sales tax amount using the same tax % as when you originally posted the sales invoice for this customer. The renewed calculation will be based on the invoice amount less the payment discount. Your sales tax account will then be reduced by the difference between the original tax amount and the new tax amount.
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| Before you can use this feature, you must have activated it by placing a check mark in the Adjust for Payment Disc. field in the General Ledger Setup window. |
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |