Hi
I am having a problem setting up a discount account code in Receivables to post to the Ledger. Basically, if the customer has an invoice of say $500.05 and pays $500 the user wants the .05 to go to discount which is fine. However when posted to the Ledger the .05 goes into a suspense account. They would like it to go to a specific discount account that they have set up.
Thanks
Joe

Hi Joe:
The Discount account is determined by the AR Control Account Set. Check the Account Set that belongs to the Customer(s) involved in those transactions.

thanks Bruce - I should have figured it out but i was in a panic.
Joe