Need to deduct a percentage or a flat amount from a vendor’s invoice? Here’s how…

Need to deduct a percentage or a flat amount from a vendor’s invoice?  Here’s how:

1. Setup a distribution code on AP05.3 as a percentage and indicate the account that the amount should go to. You can actually setup two or more different percentages to distribute to two different accounts. Make the percentage a negative percentage when deducting an amount from the invoice.
   
2. On the vendor’s AP10 record on the Default Tab add the distribution code. It will default onto the invoices and automatically deduct the percent or percentages specified on the AP05.3 form for the distribution code.

3. You may have to adjust the invoice total amount to reflect the deduction(s) to be in balance.