Submit your Suggestions for Spectrum

Product: Accounts Payable
   
Idea: Send Discount on AP payments to different cost center than check cost center

More information: Requested information:
When processing a discount on a cheque payment, we would like the discount to go to a different cost centre than the cheque payment does in AP. 
 
Business purpose:
We have all our AP invoices entered to one cost centre on the accounts payable side so that we only have to do one cheque run per week (as we have approximately 40 cost centres).  The solution of entering invoices to the cost centre they relate to would allow the discount to flow to that same cost centre, but would result in up to 40 cheque runs per week which isn’t realistic.  The discount affects the income statement of a cost centre, and currently the discount is on the income statement for the Accounts Payable cost centre.  In fact it was one of our operational branch cost centres (not the AP cost centre) that negotiated and effected the discount, therefore the branch cost centre should retain the income resulting from the discounted payment.  The current way we are moving the discount income from our AP cost centre to the branch cost centre is via journal entry which is not efficient and doesn’t provide the detailed information required when reviewing discounts in the branch cost centres.





Submitted by Thomas Horn from Scott Builders, Inc. .
Incident #816153






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