Hi,
I am trying to find a way to assign a GL code for discount pricing. Currently, the discounts given were not recorded anywhere in our GL. We are using the discount pricing method on our Inventory.
For example,
base price of an item of $10.00 discount at 25% ($2.50). The transaction is recorded as
Dr. A/R $7.50
Cr. Sales $7.50
Is there a way to make the transaction to be recorded as follows?
Dr. A/R $7,50
Dr. Discount $2.50
Cr. Sales $7.50
Thanks!