AM12 Sample Reports

The Discount Reports provide information on invoices that are eligible for early-payment discounts. These reports also inform you whether your company has taken advantage of the early payment discounts. The information generated from these reports are based upon the payment terms specified in the AP Invoice Transactions function and in the recurring AP invoice templates if the invoices are generated from these templates. These reports are useful in managing your resources including cash and cost savings.

Each Discount Report is especially designed to provide several options so you can narrow down data to the specific information needed. Read the information below to get a closer look at each of the Discount Reports available in AccountMate.

Suggested Discount Report

The Suggested Discount Report lists all invoices that qualify for early payment discount as of the given report date. The system-calculated suggested discount amount is based upon the terms entered in the AP Invoice Transactions and Recurring Invoice Setup functions. This report is useful in determining the invoices that are qualified for early-payment discounts as of a given date and in effectively managing the cash outflows.

You can specify the report's cut-off date in the Report Date field. You can also opt to show multi-currencies.

Discount Taken Report

The Discount Taken Report lists all invoices for which early payment discounts are taken advantage of. This report excludes the invoice discounts to be taken in the future unless a check is printed or a handwritten check is recorded for the invoices. This report is useful in reviewing how well you are taking advantage of the early payment discounts. You can also use this report and the Discount Lost Reports to assess your overall discount-taking effectiveness.

Depending upon the chosen report criteria, you can generate the report only for invoices for which discounts were taken advantage, only for invoices for which no discounts are taken advantage of, or for all invoices that are subject to discounts. You can opt to show multi-currencies in this report.

Discount Lost on Paid Invoices Report

The Discount Lost on Paid Invoices Report displays a list of invoices and the associated prompt payment discounts that your company failed to take advantage of. The report is limited to fully paid AP invoices.

This report is useful in reviewing how much discount you could have saved from fully paid AP invoices if payments were made within the discount period. In addition to this report, use the Discount Taken Report and the Discount Lost on Open Invoices Report to help you assess your overall effectiveness in taking advantage of prompt payment discounts.

You can generate this report to show multi-currencies.

Discount Lost on Open Invoices Report

The Discount Lost on Open Invoices Report generates a list of outstanding invoices, as of a certain date, for which the discount period has already lapsed. This report is useful in reviewing how much discount you could have saved if the outstanding AP invoices were fully paid within the discount period. Use this report and the Discount Taken Report to help you assess your overall effectiveness in taking advantage of early-payment discounts.

You need to specify the report's cut-off date in the Report Date field. You can also choose to show multi-currencies in this report.