To Reverse Discounts on Unpaid Invoices

1. Go to:

   Main

   menu >

   Clients

   module >

   Reports

   menu >

   Check Expired Discounts

   .

   

2. Click

   Yes

   to proceed.

   

3. Enter the statement date when the discounts were applied in the

   Month Closing Date

   field.

4. Enter the date that the reversals will be shown as invoiced in the

   Entry Reversal Date

   field. This should be the first day that payments were no longer eligible for the incentive discount. For example, if payment was due by 20 December 2010 to be eligible for the incentive discount, the

   Entry Reversal Date

   should be 20 December 2010.

5. Select a Reversal Option. By default the

   Reverse if invoices are not paid off (excludes negative invoices)

   option will be selected.

   • Reverse if invoices are not paid off

     - all positive invoices which have not been paid in full will be marked to be Reversed.

   

   • Reverse if full account balance is not paid off

     – all invoices for a client who has a positive Balance Due will be marked to be Reversed.

   

6. To leave the discount applied, select the

   Reverse

   check box.

7. To print the list of incentive discounts click

   Print List

   .

8. When all required changes have been made, click

   Update

   .

   • VisionVPM will create negative invoices for those lines where the

     Reverse

     check box is selected column. These invoices can be viewed from the Client Activity window.