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Scenario: Settle a partial customer payment that has multiple discount periods [AX 2012]

Updated: October 14, 2011

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Fabrikam offers customer 4031 two cash discount periods. The customer receives a 2 percent discount if the invoice is paid in five days, and a 1 percent discount if the invoice is paid in 14 days. For information about these setup parameters, see About parameters for settlements in Accounts receivable and Accounts receivable parameters (form).

On June 25, Arnie enters and posts an invoice for 1,000.00 for customer 4031. When he reviews the cash discounts for this invoice, Arnie sees that customer 4031 receives a 20.00 discount if the invoice is paid by June 30. If the invoice is paid by July 9, the customer receives a 10.00 discount.

Cash discount date

Cash discount amount

Amount in transaction currency

6/30/2015

20.00

980.00

7/9/2015

10.00

990.00

7/25/2015

0.00

1,000.00

Arnie can view this transaction in the Customer transactions form. (Click Accounts receivable > Common > Customers > All customers. Select customer 4031. On the Action Pane, click Transactions.)

Voucher

Transaction type

Date

Invoice

Amount in transaction currency debit

Amount in transaction currency credit

Balance

Currency

FTI-10030

Invoice

6/25/2015

10030

1,000.00

1,000.00

USD

Customer 4031 wants to settle 300.00 of this invoice on June 28, which is in the first discount period. The customer will pay 294.00 and take a 6.00 discount. In the Settle open transactions form, the Cash discount amount value is 20.00, and the Cash discount amount to take value is 6.00.

Mark

Use cash discount

Voucher

Account

Date

Due date

Invoice

Amount in transaction currency

Currency

Amount to settle

Selected

Normal

FTI-10030

4031

6/25/2015

7/25/2015

10030

1,000.00

USD

294.00

Discount information is shown at the bottom of the Settle open transactions form.

Cash discount date

6/30/2015

Cash discount amount

20.00

Use cash discount

Normal

Cash discount taken

0.00

Cash discount amount to take

6.00

After Arnie posts the payment, the invoice balance is 700.00.

On July 8, the customer pays the rest of the invoice amount. A 7.00 discount, or 1 percent, is taken, because the payment was made in the second discount period.

Mark

Use cash discount

Voucher

Account

Date

Due date

Invoice

Amount in transaction currency debit

Amount in transaction currency credit

Currency

Amount to settle

Selected

Normal

FTI-10030

4031

6/25/2015

7/25/2015

10030

700.00

USD

693.00

Discount information is shown at the bottom of the Settle open transactions form.

Cash discount date

7/09/2015

Cash discount amount

30.00

Use cash discount

Normal

Cash discount taken

6.00

Cash discount amount to take

7.00

The invoice balance is now 0.00. Arnie views the information in the Customer transactions form.

Voucher

Transaction type

Date

Invoice

Amount in transaction currency debit

Amount in transaction currency credit

Balance

Currency

FTI-10030

Invoice

6/25/2015

10030

1,000.00

0.00

USD

ARP-10030

6/28/2015

294.00

0.00

USD

DISC-10030

6/28/2015

6.00

0.00

USD

ARP-10031

7/8/2015

693.00

0.00

USD

DISC-1031

7/8/2015

7.00

0.00

USD


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).
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