Re: Accounting Software for Vista
How about Sales Discounts taken?
On Fri, 23 Nov 2007 04:59:21 -0600, blueheaven
>Hi friends, when you paying vendors, they often offer a 'term discount'
>if you pay within a certain period. My accounting software wants me to
>debit the entire amount to the expense account, and credit AP the amount
>after the discount, and credit the remainder to another account. Anyone
>know what type of account should be used for these discounts?