A company has different payment terms for different suppliers. Payment terms with some
suppliers also include discounts.
Which report needs to be executed to identify the maximum discounts possible by the earliest
payment to the suppliers or where they should have taken a discount but did not?
A.
Payables Discounts Report
B.
Payables Discounts taken Report
C.
Payables Discounts lost Report
D.
Payables Discounts taken and Lost Report
E.
Payables Discounts Taken and Lost Report by Supplier
Explanation:
Use the Discounts Taken and Lost report to identify payments for which you could
have taken a discount, but did not. If you find that you are losing discounts, you can change your
system and supplier defaults and modify your payment batch selection criteria to make sure that
you take all valid discounts.
Selected Report Parameters
Start/End Payment Date. Enter the first and last dates of a range for which you want to review
discounts taken and lost.
Supplier Type. Enter the supplier type for which you want to review discounts taken and lost or
leave the field blank to submit the report for all supplier types.
Supplier Name. Enter the name of a supplier for which you want to review discounts taken and
lost, or leave the field blank to submit the report for all suppliers.
Discounts Taken and Lost report