Hi,
Is there a better way to enter a discounted item on a purchase invoice, and have the accounting correct, other than entering the net final cost?
Example:
2 Widgets 423.65 each less 5% discount 804.94 line total.
instead of
2 Widgets 423.65 each 5% discount 847.30
-1 Discount 42.37 -42.37
The vendor invoices are showing the discount as a single line item at the bottom of the invoice, so the people doing data entry are following along, entering the discount as a separate line item with a negative COGS (I know, they're recording that they're making money buying stuff !!!) perhaps because it's easier than pulling out the calculator.
