Invoicing Purchases with Invoice Discounts in Foreign Currency

When you use invoice discounts, the size of the invoice amount determines the size of the discount that is granted.

You can define the terms of the invoice discount in foreign currency for foreign vendors.

To Invoice Purchases with Invoice Discounts in Foreign Currency:

  1. Browse to a foreign vendor, and enter the foreign currency code in the Invoice Disc. Code field on the Invoicing tab.

  2. Open the Purchase Invoice window.

  3. Press F3, and then press Enter to create a new invoice and give it a number.

  4. Fill in the invoice. For Help about a specific field, click the field and press F1.

    If you have placed a check mark in the Calc. Inv. Disc. check box in the Purchases & Payables Setup window, the program will calculate the discount automatically when you post. You can also calculate the invoice amount manually. To do so, follow steps 4-6.

  5. Click Functions, Calculate Invoice Discount, and then click Yes.

  6. To see the total invoice discount, click Invoice, Statistics.

  7. In the Posting Date field on the invoice, enter a date, and then post the invoice.

Related Topics

Invoicing Purchases with Invoice Discounts in LCY