This can break down, however, when vendors provide discounted terms. What mechanisms are in place to both preserve discounts, and acknowledge credit memos that are owed? /e think there are none.
One option could be that upon running the "Suggest Vendor Payments" routine, there be an option for something like "apply discounts to open credit memos which are preventing vendor payment" would be very nice. When natural invoices finally results in a payment, both the check stub and remittance advice will have to document / explain why discounts are being take for checks issued many days after the "payment discount date."
Comments
Our workaround is that all of our discount date calculations are now 365D. This violates the terms from an academic standpoint, but since we pay every week and terms are never shorter than a week, we're always taking the discount, no matter what, and we only take the discount after their terms have passed when a credit memo has been (legitimately) holding up the payment.
Category: Financial Management
It is surprising to me that other organizations are either unaware of this issue, or are unbothered by it. Maybe this can get a fresh look? It would be nice to have the option to take all discounts when the vendor has a credit memo holding them up.
Category: Financial Management
Business Central Team (administrator)
Thank you for this suggestion! Currently this is not on our roadmap. We are tracking this idea and if it gathers more votes and comments we will consider it in the future.
Best regards,
Business Central Team