Scenario: Settle a partial customer payment that has multiple discount periods

Article
11/29/2021

Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

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).

Invoice for 1,000.00 on June 25

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

Payment for 294.00 on June 28

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.

Payment for 693.00 on July 8

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	Currency
FTI-10030	Invoice	6/25/2015	10030	1,000.00		USD
ARP-10030		6/28/2015			294.00	USD
DISC-10030		6/28/2015			6.00	USD
ARP-10031		7/8/2015			693.00	USD
DISC-1031		7/8/2015			7.00	USD

Scenario: Settle a partial customer payment that has multiple discount periods

Invoice for 1,000.00 on June 25

Payment for 294.00 on June 28

Payment for 693.00 on July 8

See also

Additional resources