Dear Members,
We have an advance payment term with customers and offer cash discount on advance payment, we want to record this discount as an expense, by going through various other question i can conclude that the problem can be addressed by creating a non inventory item and mapping the expense code.
But the problem is we have various tax rates in the single invoice like 12%, 18% & 28%, I want the tax amount to be reduced with respect to the discounted amount.
Thanks in advance.
Kind Regards,
Inderpreet Singh