My branch practices giving their Corporate Clients discount for early payment. As such, upon receiving of payment, I would have to do a CM to offset the sales amount. However, does when the CM is made, does it automatically reduces the gross profit of the salesperson?

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My branch practices giving their Corporate Clients discount for early payment. As such, upon receiving of payment, I would have to do a CM to offset the sales amount. However, does when the CM is made, does it automatically reduces the gross profit of the salesperson?

posted Sep 5, 2008, 9:16 AM by Unknown user

As GP is calculated based on inventory items, credit memo discounts or surcharge go straight to GL where it affects your Profit and Loss in accounting module. The GP reports are generated based on inventory items, hence, GP per sales person has to be manually adjusted, for special discounts like this.

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My branch practices giving their Corporate Clients discount for early payment. As such, upon receiving of payment, I would have to do a CM to offset the sales amount. However, does when the CM is made, does it automatically reduces the gross profit of the salesperson?

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