Book discount allowed and received separately

Discounts are part of everyday businesses. A discount allowed is when the supplier of goods or services grants a payment discount to a customer. On the other hand, a discount received is the reverse situation, where the customer is granted a discount by the supplier.

When you are a supplier, and you grant a discount to your customer, it is treated as a type of Expense, whereas, if you receive a discount from your supplier, it is considered as an income.

In ABNERP, discount allowed or received is not booked separately. It is typically the final amount of the invoice (after discount) that is booked. However, if you wish to book the discounts separately, you can follow the below steps:

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