Issue/Symptom/Question

Need to know how to setup PENTA for discounts on AP Invoices

Need to understand how Freight and Tax are excluded from the discount calculation

Environment

PENTA for Windows, Accounts Payable (AP)

Resolution/Fix/Answer

Assign the Payment Term to the Vendor, this will default to invoices/POs etc. for that vendor

When the invoice is entered, identify the total invoice, freight, and tax amounts.  Confirm the payment terms and discount basis are accurate.

PENTA will take total less the freight and tax to find the discount base to use to calculate the discount

When paying the invoice, the select items for payment will always show the open discount (regardless of the days)

1. Enter an N in the Action field to pay the invoice at Net and take the discount
2. Enter a G in the Action field to pay the invoice at Gross and not take the discount

 **The discount can be taken when N is entered.  PENTA doesn’t care if it is past the payment term date.  Use G if the discount should not be taken.

Cause 

To take advantage of PENTA calculating the discounts