Hi IFS Community,
This request relates to how cash discounts are applied.
Currently, we have customer agreements that offer a 1% discount if payment is made within 10 days. This discount is intended to apply only to parts, not to freight charges. However, when payments are processed, IFS calculates the discount at the total invoice level, which includes freight. As a result, the discount is slightly overstated on each invoice.
To correct this, the discount must be manually adjusted on an invoice-by-invoice basis, impacting approximately 300 to 500 invoice lines each week and taking about three hours to complete.
Ideally, we would like to configure IFS so that the 1% discount is applied only to part lines and excludes freight charges. This would ensure that payment amounts match invoice totals accurately and eliminate the need for manual adjustments.
Is it possible to achieve this in IFS Apps 10 IEE or IFS Cloud without requiring a system modification?