I would like to know, how to manage rebates from supplier after the invoices are prepared, adjusting individual invoices is not practical as it is given for every quarter.
So far I tried these scenarios -
Create a Journal Entry - Debit Note Entry
Add a row for the supplier and debit the rebate amount and the ledger for discount after purchase and credit the amount. This journal entry shows in the supplier general ledger,
When I pass payment entry for the invoices affected, I can list out the invoices which the debit note is for, but I cannot link the debit note as the message “Against Journal Entry JV-0000xx does not have any unmatched credit entry”
Create a Payment Entry -
Without creating a journal entry I tried just making a payment entry, in which all the invoices are listed and added a deduction in the deduction table, and linked it to the account discount after purchase, this worked properly, but didn’t reflect in the supplier general ledger.
I believe there is a scenario three, which is to create a journal entry list out all the invoices in it and also debit note and it will reflect in the general ledger of the supplier,
but I would prefer to use Payment Entry as it is currently used to print cheques and also has a more friendly UI
I am not an accounts person so any tips or direction would be helpful