This field contains the code that will be used to find the invoice discount you receive from the vendor.
The program automatically retrieves the Invoice Disc. Code in the Vendor table when you fill in the Pay-to Vendor No. field.
The invoice discount will be based on the total invoice amount, but it will be allocated to the lines relative to the amount on each. The program performs the calculation when you click the Functions button and then click Calculate Invoice Discount. If there is a check mark in the Calc. Inv. Discount field in the Purchases & Payables Setup window, the amount will be calculated automatically. Click here to learn when automatic calculation will occur.