Situation
Invoice from vendor with Payment Terms of 2% EOM ( used setting Next Month and Set Date ) to get the Due Date and Discount date to be the 30th of the month following the date of the receipt of the invoice from the supplier. This appears to be working correctly.
Now we are having a problem with applying credit memos to this invoice. The invoice was recorded and dated and posted Feb 11, 2016 for 1,055.00 and a 20.10 Discount Available was recorded at the time of posting.
Within two day of the receipt and recording of the invoice, the supplier realized some error and sent a Credit Memo for the full amount to the company. CM dated Feb 13, 2016 for 1,055.00.
Problem
When we go to record this transaction we enter the Credit Memo - Purchasing >> Transaction Entry >> select credit memo. Enter the details as expected and set the date of the transaction and posting date to Feb 13, 2016.
Click on APPLY, find the Invoice and click on apply.
ERROR happens now - the amount applied is shown as LESS the amount of the Discount Available. So the applied amount is short 20.10
While I would be able to deal with this if we had taken the invoice and paid it short, but we did not, we did not pay the invoice, it is not due yet ( not due until March 30th ) and the Discount Date is March 30th, so while it is correct that if paid prior there would be a discount, this is not US paying, this is the supplier in essence canceling the Invoice.
WHAT do we do to fix this - the client and I tried an number o things, and each time the discount available was taken and the amount of the Credit Memo was underapplied by that amount. This is WRONG.
