SYM-PAC: Creditor Payment Discount AmortisationAnother SYM-PAC feature
A new option has been added to allow the amortisation of any positive discount amount that has not been allocated to invoices being paid.
When entering and allocating a creditor payment you receive a warning if the discount amount you have entered has not been completely assigned to invoices being paid.
If you have not allocated enough discount you have the option to amortise the remaining amount across ALL invoices that have had a payment amount allocated. Selecting “No” will return you to the grid to manually adjust the discount amounts.
The amount of discount allocated will be proportional to the amount entered to be allocated to the invoice. This amount is then deducted from the Actual Paid Amount and added to the Actual Discount Amount. These amounts do not take the Discount Amount on the invoice into consideration.
Once the Amortisation process is complete you will be returned to the Allocation Grid to allow you to manually adjust the discounts as desired or to assign any small remainders due to rounding.
Please contact the Help Desk for assistance with setup as needed.