Invoice Discount in Payment Entry
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When a Customer pays less because an approved settlement discount applies, allocate the amount received and record the discount in the Deductions or Loss table. This clears the invoice without hiding the difference.
Before you begin
Section titled “Before you begin”Confirm the correct Company, currency, receivable or payable account, and bank or cash ledger. Use submitted source documents and keep the bank reference or remittance advice available.
Use Invoice Discount in Payment Entry
Section titled “Use Invoice Discount in Payment Entry”- Create a Receive Payment Entry and fetch the invoice.
- Enter the amount received in the bank.
- Allocate the full amount being settled against the invoice.
- Add the discount difference with the approved discount account and Cost Center.
- Confirm that the Difference Amount is zero, then submit.
Important fields and what they mean
Section titled “Important fields and what they mean”| Field | What it controls |
|---|---|
| Allocated Amount | Invoice amount cleared by the payment. |
| Paid Amount | Cash actually received. |
| Deductions or Loss | Accounting rows explaining the shortfall. |
| Account | Approved discount allowed account. |
| Cost Center | Business unit receiving the discount expense. |
What happens after you submit or process
Section titled “What happens after you submit or process”Bravo Hub ERP updates the relevant accounting records and, where applicable, the outstanding or unallocated amounts. Review the General Ledger, party ledger, and source document status before treating the workflow as complete. A saved draft does not affect the ledger.
Troubleshooting
Section titled “Troubleshooting”The invoice remains outstanding after recording a discount
Section titled “The invoice remains outstanding after recording a discount”The cash received plus the approved discount must equal the amount being settled. Allocate the full settlement and post the discount to the configured discount allowed or received account.
Difference Amount increases when the discount is entered
Section titled “Difference Amount increases when the discount is entered”Check whether the discount should be added or deducted for the Payment Type. Verify the paid amount, received amount, and allocated amount before changing the sign.
The discount posts to the wrong profit and loss account
Section titled “The discount posts to the wrong profit and loss account”Select the correct account for discount allowed or discount received and include the required Cost Center. Do not use a generic write-off account when separate reporting is required.
Frequently asked questions
Section titled “Frequently asked questions”Is a settlement discount the same as changing the invoice price?
Section titled “Is a settlement discount the same as changing the invoice price?”It is not the same. The original invoice remains the commercial and tax document; the settlement difference is recorded when payment is received or made.
Should tax be recalculated when a payment discount is granted?
Section titled “Should tax be recalculated when a payment discount is granted?”Tax treatment varies by jurisdiction and discount type. Use the appropriate credit note or regional process when tax must change instead of relying only on a Payment Entry deduction.
Can only part of an invoice receive a discount?
Section titled “Can only part of an invoice receive a discount?”A partial settlement can include a supported discount, but the remaining invoice balance must be intentional and explainable. Verify the outstanding amount after submission.
Can discounts allowed and received use different accounts?
Section titled “Can discounts allowed and received use different accounts?”Separate accounts are recommended when financial reporting distinguishes customer discounts from supplier discounts.