I'm using Sage 50 Accountant Professional 2010. An invoice was issued to a client for £3000.00. They had the option to pay the invoice weekly or pay in advance and receive a 5% discount. they opted for the discount and paid in advance. I'm unsure how to justify the payment in sage with the discount. I will be very grateful if someone can explain clearly what I would need to do. Thank you.
Is the invoice already posted on Sage? If so, you need to go into Bank - Customer (receipt) - choose the correct customer from the drop down list, type in the date and in the Amount box, type the amount that has actually been paid. Using your figure, type in 2850 and then tab down to the invoice line and enter 2850 in the receipt box, tab over to the Discount box and enter 150 and then click on Save. This will clear the Invoice from the customer's account and enter 150 in the discounts allowed nominal code.
