Re: Accounting Software for Vista

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?


--
blueheaven

i like this place

blueheaven wrote:
> 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?
>
>

This has nothing to do with Vista. You should ask your accountant this
question.


Malke
--
Elephant Boy Computers
www.elephantboycomputers.com
"Don't Panic!"
MS-MVP Windows - Shell/User

How about Sales Discounts taken?

On Fri, 23 Nov 2007 04:59:21 -0600, blueheaven
<blueheaven.30hzm5@no-mx.forums.net> wrote:

>
>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?

blueheaven

Other Income > Discounts Received.

--
regards
CL
'''''''''''''''''''''''''''''''''''''''''''''''''' '''''''''''''''''''''''''''''''''''''''''''''''''' ''''''''''''''''''''


"blueheaven" wrote:

>
> 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?
>
>
> --
> blueheaven
>
> i like this place
>