hi folks,
ERPNext is handling the purchase discounts as liabilities. is it the way ERPNext works?
here is my scenario
I did a Purchase Order
the total of this purchase order is $1080.00, at this moment there is no discount, but the supplier will give me a discount of 2% if I pay my invoice before 10 days.
when I generate my purchase invoice before the 10 days limit, I apply the 2% discount in this case $21.60
after these transactions if I check the financial statement balance sheet shows the $21.60 as a liability in account (2210 - Stock Received But Not Billed), when it should be a cost of goods sold (income).
does anybody know how it works? can the purchase discounts go to a cost of goods sold (income) account?
thanks for any help