Material Payment Discounts

Although discount dates and amounts fields are not included on the MS Material Payment Worksheet form, those values will calculate during the batch update based on the payment terms for the haul vendor.

Discount Taken amounts display for each applicable invoice on the MS Material Vendor Payment AP Audit list. GL distributions will be determined by the ‘Post Discounts Offered to GL and Net Amounts to Subledgers’ option in AP Company Parameters.

The ‘Post Discounts Offered to GL and Net Amounts to Subledgers’ option also controls the update to MatlCost in MS Ticket Detail (MSTD).

If checked, includes discount:

  • Material Taxed: MatlCost = Total Cost + Tax Amount – Discount

  • Material Not Taxed: MatlCost = Total Cost – Discount

If unchecked, excludes discount:

  • Material Taxed: MatlCost = Total Cost + Tax Amount

  • Material Not Taxed: MatlCost = Total Cost

For more information about the Post Discounts Offered to GL and Net Amounts to Subledgers option, see About Using Discounts .

Note: The system uses payment terms to calculate due dates and discount dates; however, if you specify a due date during initialization, it will override the standard due date calculation for all sequences. Because discount dates will not recalculate accordingly, it may result in some discount dates falling on or after the due date.