Discounts Earned or Lost

PeopleSoft Payables sends information about discounts earned or lost to PeopleSoft Asset Management so that PeopleSoft Asset Management can add or subtract the amount from the asset cost. The following examples illustrate this process.

In these scenarios, assume the following facts:

• The voucher gross amount is 2000.00 USD.

• The potential discount (if paid within discount period) is two percent.

• The possible discount earned or lost (or not taken) is 40.00 USD.

You run the Payables to Assets Interface process to send information to PeopleSoft Asset Management after voucher posting and again after payment posting. The following information is sent to record INTFC_PRE_AM after each of these posting processes.

Note:

These entries are generated during each posting process and do not depend on whether the voucher is paid before or after voucher posting.

Example of Accounting at Net

This example shows accounting at net:

• Discount available at voucher posting.

  DSCNT_AMT holds the discount available at voucher posting:

  INTFC_TYPE	COST	MERCHANDISE_AMT	DSCNT_AMT
  Null - No Entry	1960.00	2000.00	40.00

• Discount taken at payment posting.

  If the voucher is paid within the discount period, or if discount was taken manually, the Payables to Asset Interface process does not process this voucher as the system has already accounted for the discount.

  INTFC_TYPE	COST	MERCHANDISE_AMT	DSCNT_AMT
  Null - No Entry	N/A	N/A	N/A

• Discount lost at payment posting.

  If the voucher is either not paid within the discount period, or if the discount is not taken, the Payables to Assets Interface process sends a cost of 40.00 USD to PeopleSoft Asset Management to adjust for the discount lost:

  INTFC_TYPE	COST	MERCHANDISE_AMT	DSCNT_AMT
  ADJ	40.00	2000.00	0.00

Example of Accounting at Gross

This example shows accounting at gross:

• Discount available at voucher posting.

  The DSCNT_AMT is zero:

  INTFC_TYPE	COST	MERCHANDISE_AMT	DSCNT_AMT
  Null - No Entry	2000.00	2000.00	0.00

• Discount taken at payment posting.

  If the voucher is paid within the discount period or manually taken after the discount period, the discount is taken and the Payables to Assets Interface process sends a cost of -40.00 USD to PeopleSoft Asset Management to adjust for the discount taken:

  INTFC_TYPE	COST	MERCHANDISE_AMT	DSCNT_AMT
  ADJ	-40.00	2000.00	0.00

• Discount lost at payment posting.

  If the voucher is either not paid within the discount period, or if the discount is not taken, the Payables to Assets Interface process does not need to process the discount for the voucher. There is no entry for record INTFC_PRE_AM:

  INTFC_TYPE	COST	MERCHANDISE_AMT	DSCNT_AMT
  Null - No Entry	N/A	N/A	N/A

Note:

The system does not track rebates lost or taken, and these are not sent to PeopleSoft Asset Management.