Pmt. Disc. Excl. VAT Field, General Ledger Setup Table

Specifies whether the payment discount is calculated based on amounts including or excluding VAT.

If the check box is selected, the payment discount excluding VAT is calculated based on the information described in the following table.

Type Payment discount calculations are based on

Orders and invoices

The Amount field in the Sales Line table.

Journals

The Sales/Purch. (LCY) field in the Gen. Journal Line table.

If the check box is cleared, the payment discount is calculated on amounts including VAT based on the information described in the following table.

Type Payment discount calculations are based on

Orders and invoices

The Amount Including VAT field in the Sales Line table.

Journals

The Amount field in the Gen. Journal Line table.

Important

If the check box is cleared, VAT is not calculated on a payment discount. Therefore, you cannot select the Adjust for Payment Disc. check box because there is no need to recalculate VAT amounts.

Tip

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Parent Tables

Table Location
Global Dimension 2 Code Field, General Ledger Setup Table General Ledger
Global Dimension 2 Code Field, General Ledger Setup Table General Ledger
General Ledger Setup Table General Ledger
Global Dimension 2 Code Field, General Ledger Setup Table General Ledger
General Ledger Setup Table General Ledger
Global Dimension 2 Code Field, General Ledger Setup Table General Ledger

See Also

Reference

Adjust for Payment Disc.
Gen. Journal Line
Sales/Purch. (LCY)
Amount
General Ledger Setup

Other Resources

Sales Line
Amount
Amount Including VAT
How to: Record VAT