Is it possible to have term discounts reverse to the expense account posted per invoice instead of the one entered on the "Control Account"?

Are you talking about discounts offered on early cash receipts? Like the 2% discount in "2% 10 net 30" terms?

Yes!

So, the short answer to the question is "No".

Cash discounts may be applied across multiple invoices with many details on each line. having the computer decide exactly how a cash discount should be applied would be next to impossible, without a connection to the "cosmic consciousness"!

If this was REALLY important to you, then you could create a GridView View to generate an importable GL batch to reallocate the discount amount back to the various expense/revenue accounts. It would be a LOT of work though.

Thanks for the speedy response!