The General Ledger Setup Table
Here you can specify whether the payment discount should be based on amounts including or excluding VAT. If you have activated the Adjust for Payment Disc. field, you cannot insert a check mark in the Pmt. Disc. Excl. VAT field (this would not make sense to do so, because if VAT has not been calculated on a payment discount, there is no need for adjustment).
The choice in this field determines which fields the program will use to calculate payment discounts.
If you place a check mark in this check box (so the payment discount is calculated on amounts excluding VAT), the program uses the following fields:
If you are creating orders and invoices, the program will use the Amount field in the Sales Line table. If you are entering sales in a journal, the program will use the Sales/Purch. (LCY) field in the Gen. Journal Line table.
If you leave the field blank, so that the payment discount is calculated on amounts including VAT, the program uses the following fields:
If you are creating orders and invoices, the program will use the Amount Including VAT field in the Sales Line table. If you are entering sales in a journal, the program will use the Amount field in the Gen. Journal Line table.
You usually fill in the Sales/Purch. (LCY) field in order to be able to obtain statistical information. If you place a check mark in the Pmt. Disc. Excl. VAT check box, however, it is important to remember to fill in the Sales/Purch. (LCY) field because otherwise the payment discount will be 0.