AccountMate Enterprise Sample Reports

Accounts Payable - Discount Reports

The Discount Reports provide information on invoices and the discounts these invoices are eligible for, have taken or have lost. The information generated from these reports are based upon the payment terms specified at the time the invoice was created using the AP Invoice Transactions function and in the recurring AP invoice templates if the invoices are generated from these templates. These reports are useful in managing your resources including cash and cost savings.

These reports are especially designed to provide filter options so you can generate reports that shows the specific information needed. Read the information below to get a closer look at each of the Discount Reports available in AccountMate Enterprise. Suggested Discount Report

The Suggested Discount Report lists all invoices that qualify for early payment discount as of the specified report date. The system-calculated suggested discount amount is based upon the terms entered in the AP Invoice Transactions and Recurring Invoice Setup functions. This report is useful in determining the invoices that are qualified for early-payment discounts as of a given date and in effectively managing the cash outflows.

You must specify the report's cut-off date in the Report Date field. You can also opt to show multi-currencies.



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Discount Taken Report

The Discount Taken Report lists all invoices for which early payment discounts are taken advantage of. This report excludes the invoice discounts to be taken in the future unless a check is printed or a handwritten check is recorded for the invoices. The report shows the system-calculated suggested discount amount, the actual committed (taken) discount and the variance from the suggested and committed discount, if any. This report is useful in reviewing how well you are taking advantage of the early payment discounts. You can also use this report and the Discount Lost Reports to assess your overall discount-taking effectiveness.

You can generate the report to show only invoices for which discounts were taken, only for invoices for which no discounts were taken, or for all invoices that are subject to discounts. You can opt to show multi-currencies in this report.



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Discount Lost on Paid AP Invoices Report

The Discount Lost on Paid Invoices Report displays a list of invoices and the associated prompt payment discounts that your company failed to take advantage of. The report is limited to fully paid AP invoices. This report is useful in reviewing how much discount you could have saved from fully paid AP invoices if payments were made within the discount period. In addition to this report, use the Discount Taken Report and the Discount Lost on Open Invoices Report to help you assess your overall effectiveness in taking advantage of prompt payment discounts.

You can generate this report to show multi-currencies.



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Discount Lost on Outstanding AP Invoices Report

The Discount Lost on Open Invoices Report generates a list of outstanding invoices, as of a certain date, for which the discount period has already lapsed. The report shows the discount amount that could have been awarded to you if the invoice was paid within the discount period. This report is useful in reviewing how much discount you could have saved if the outstanding AP invoices were fully paid within the discount period. Use this report and the Discount Taken Report to help you assess your overall effectiveness in taking advantage of early-payment discounts.

You must specify the report's cut-off date in the Report Date field to successfully generate the report. You can also choose to show multi-currencies in this report.



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