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Former Member
Jul 11, 2007 at 05:31 AM

Terms of pay

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Hii experts,

If based on the terms of payment a custr is awarded 1% disc if he pays within 10 days, lets say the invoice amount is 100/- so if he settles within 10 days he/she shld pay only 99/-.

How this is settled as the customer pays 100/- and then he/she gets 1/-disc.

Is that a debit note is to be released for that 1/-, and if yes how an account is maintained regarding such amounts (1/- ) for which we need to release a debit note.

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montee