Automation of Allocating Cash Discount in GRC at Item Level after Purchase Invoice is made

There is big amount of Cash Discount is received from vendors against Purchase and their payment terms.

Thus the overall Costing of Purchase is less than what is currently reflected in the COGS thus margins are reflected wrongly.

Need a option to populate the CASH Discount GRC Wise (after PI is made) so that the it gets impacted in the Purchase Cost thereafter RE-CALCULATE COGS process will give actual profitability.

These Cash Discount shall be populated against a Charge that will be INCLUDE in COST but EXCLUDE from Invoice, thus the total Invoice value will also remain same.

  • Product Team
  • Nov 9 2015
  • Will not implement
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  • Admin
    Product Team commented
    13 Nov, 2015 09:55am

     Once goods are landed the COGS are taken from GRCs and all cost have to be associated during that time.Any cash discount received is treated as Income under P&L and not as part of COGS.

    Thus the above request is not likely to get implemented.

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