You use the AR Print Settlement Discount Notes program to print discount debit and credit notes for settlement discount if these are required according to the tax regulations in your country.
A credit note is typically generated when settlement discount is processed against a customer payment, while a debit note is typically generated when a payment that includes settlement discount is reversed (i.e. when you process a negative payment).
Discount credit and debit notes indicate the settlement discount value and the tax portion applicable to the settlement discount value when an invoice is paid.
| Field | Description | ||||||
|---|---|---|---|---|---|---|---|
| Print Option | |||||||
| Type of discount note |
You use this option to select the type of discount notes to print. The following options are available:
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| Reprint options | Select this if you want to print discount notes that
have been printed before.
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| Alignment | Select this to print discount notes using test
characters to verify that the stationery is correctly aligned
on your printer.
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| Select this to print or reprint the type of discount notes you selected. | |||||||
| Cancel | Select this to exit the program without printing discount notes. |
You need to define a print format for discount debit and credit notes before using the AR Print Settlement Discount Notes program. The format is created using the AR Discount Notes Format program.
You will be unable to access this program if you set the Print credit/debit notes for settlement discount setup option to Never (Accounts Receivable Setup).
If you enabled the Allow multiple invoices per credit/debit settlement note setup option (Accounts Receivable Setup) then a single note is generated for all invoice paid with a single payment.
When this option is not enabled, one note is printed for each individual invoice paid.