Product Update 416: Reseller discount general ledger accounts introduced
Discount amounts were previously recorded to the general
ledger account defined for the item. An enhancement has been introduced whereby
you can now have the financial entries of the discount amounts recorded
to the discount general ledger account defined for the reseller, instead of the one
defined for the item. This is applicable only to invoice debtors of the Reseller
type and when Gross is selected at Journalise amounts at System ➔ General ➔
Settings, under Invoice settings.
New field introduced
You can define the account to which the financial entries of
the discount amounts are recorded at the new Reseller Discount account
field. This field has been added to the Items (under the Financial
tab) and Item groups (under the Basics tab) screens, as displayed
in the following:

At this new field, you can select a profit & loss general ledger account
with the Revenue account or Neutral account type, or a balance sheet account with the Neutral account type. It is
possible to define the same account as the one defined at the Discount
account field.
When the Reseller Discount account field in
the Item groups screen is updated, the following message will be displayed:

You can opt to have the account defined to be updated to all
the items, which do not already have an account
defined at the Reseller Discount account field but linked to this
item group, by clicking Yes
on the message.
The Reseller Discount account field will only be
enabled when Gross is selected at Journalise amounts at System ➔ General ➔
Settings, under Invoice settings.
Exporting and importing items
The Reseller Discount account tag has been
included in the Items XML file to facilitate the exporting or importing
of items with the reseller discount account details.
Deferring revenue of sales invoices or credit notes
If a general ledger account is defined at the Reseller Discount
account field, when deferring the revenue of sales invoices or credit notes
where the invoice debtor is a reseller, the discount amounts will be deferred and
recorded to the account defined.
Main Category: |
Support Product Know How |
Document Type: |
Release notes detail |
Category: |
Release Notes |
Security level: |
All - 0 |
Sub category: |
Details |
Document ID: |
28.396.748 |
Assortment: |
Exact Globe
|
Date: |
28-05-2018 |
Release: |
416 |
Attachment: |
|
Disclaimer |