Can someone please provide a quick refresher - what is the reason for the two choices?
I know that the Discount Taken happens when you pay the invoice on time and the vendor provides a discount.
The Discount Available appears to be 'what could be' if the discount is taken.
My question
Why is the Available -something that has not happened, being tracked in the GL?
If it is being tracked in the GL - where do you report it?
If you then 'earn' the discount by paying on time, how is that recorded? Do you reduce the Available amount by the Taken?
We inherited a client that had this configuration setup and we are trying to determine with them the best way to track this going forward. We are in the process of building out their financial statements and have hit an impasse.
Thanks for your comments.
