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Former Member
Nov 21, 2012 at 03:30 PM

Discounting a Pro-Forma supplier invoice

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Hello,

In their wisdom our buyers have negotiated a new payment term, 5% discount for advance payment, I understand all the issue around trading with advance payment but this is a steer from upon high so I have to resolve.

I have a problem with this, we pay our Pro forma's via down payments. Down payment do not have payment terms on them, Just a due date, also we record the down payment against the PO and want to record the full value of the goods against the PO.

Have any of you experienced this before?

I need to post the full value to the PO and want to deduct the discount at time of payment, recording it against the early settlement discounts.

Any ideas welcome - points awarded.

Regards

Alan