Discount Management

Do you like to create a separate ledger entry to record discounts given to customers in your accounting records?

In ERPNext, discount accounting facilitates this by creating distinct ledger entries for discounts under a designated Discount Account. For instance, if you offer a 10% discount on a $1000 item, ERPNext will ensure that the $100 discount is tracked separately, ensuring accurate financial reporting and insightful analysis.

ERPNext provides the flexibility to apply discounts at multiple levels, whether per item, on the subtotal, or the entire invoice, catering to diverse business needs. ERPNext significantly boosts efficiency, accuracy, financial health, and strategic decision-making by automating discount management.

Discover how ERPNext can streamline your discount accounting process!