Hi ,
In addition to above experts replies ,i would like to share some more inputs on this subject.
Case 1 :- If discount on material price ,it would be statistical while create the Purchase order. ( GRIR Price is ( Material price - Discount).
Case 2 :- If discount on total invoice value and separately shown vendor tax invoice it would be post while posting the Invoice through MIRO & Entry as follows. ( Base amount to be consider as per accounting standard)
GRIR Clearing account.........Dr
To Vendor...............................Cr
To Discount received .............Cr
No impact on material price.
Case 3 :- If discount given on payment side like if we paid with in 10 days 10% discount like.
No impact on material price or material GL account. Payment entry as follows ,if you get discount against payment.
Vendor ..............Dr
To Bank clearing account.......Cr
To Discount Received.............Cr.
I hope you understand.
Regards
Mani