Set a ledger account for payment discounts

For the administration(s), you set the ledger account on which Profit can enter the amount of the payment discount granted by creditors when you pay the purchase invoices within the recorded payment term.

If you use a payment order to pay the invoice within the term, Profit automatically ensures that the correct amount is transferred and enters any payment discount amounts in the ledger account reserved for this purpose.

To specify the administration settings for a ledger account for credit restrictions and payment discounts:

Go to: Financial / Management / Administration settings.
Go to the tab:Payment differences.
Select the journal for the generated journal entries for the payment differences.
In Credit restr. creditor account, select the ledger account on which the amount of the credit restriction can be entered. The fields for the credit restriction are only visible if you have activated Credit restriction.
In Payment difference profit acc., select the ledger account on which the amount of the payment discount can be entered.
Click on: OK.