Gross Profit Calculations

Question:

My Low Yat 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 GP of the salesperson?

Answer:

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.