Dynamics 365 Business Central - Record Purchase Prices and Discounts
Learn how to record purchase prices and discounts in Dynamics 365 Business Central with our short video guide.
Learn how to record purchase prices and discounts with our short video
Price and discount agreements can be applied when you buy from different vendors and these must be defined so that the agreed rules and values are applied to purchase documents that you create for the vendors. We will cover how to set up a special purchase price and also two types of discounts: purchase line discounts and invoice discounts.
To set up a special purchase price for a vendor, choose the Search icon, enter Vendors, and then choose the related link. Open the relevant Vendor Card, and then choose the 'Prices' action under the Navigate tab in the ribbon.
Fill in the fields on the line as necessary. Fill a line for each combination for which the vendor grants you a purchase line discount.
To set up a line discount for a vendor, go back to the vendor card and then choose the 'Line Discounts' action beside the Prices button we selected earlier. Fill in the fields on the line as necessary. Fill a line for each combination for which the vendor grants you a purchase line discount.
Next, we will set up an invoice discount for a vendor. When your vendors have informed you which invoice discounts they grant, enter the invoice discount code on the vendor cards and set up the terms for each code. Back in the Vendor Card, in the Invoice Discount Code field, select a code for the relevant invoice discount terms to use to calculate invoice discounts for the vendor.
Invoice discount codes are represented by existing Vendor Cards. This enables you to quickly assign invoice discount terms to vendors by picking the name of another vendor who will have the same terms.
Proceed to set up new the purchase invoice discount terms. Choose the 'Invoice Discounts' action. In the Currency Code field, enter the code for a currency that the invoice discount terms on the line applies to. In the Minimum Amount field, enter the minimum amount that an invoice must have to be eligible for the discount. In the Discount % field, enter the invoice discount as a percentage of the invoice amount.
You can add as many invoice discounts as you would like here. The invoice discount is now set up and assigned to the vendor in question. When you select the vendor code in the Invoice Discount Code field on other vendor cards, the same invoice discount is assigned to those vendors.