Total Discount in Dynamics 365 Finance and Operations - Functional consultant series

In Dynamics 365 Finance and Operations, managing pricing strategies is essential for optimizing profitability and fostering strong customer relationships. One of the key pricing mechanisms available is the Total Discount feature. This allows organizations to offer percentage or fixed discounts on the total value of sales or purchases, streamlining the process of applying discounts across various transactions. By automating discount calculations, businesses can improve efficiency, reduce manual errors, and enhance their pricing flexibility. This article will explore how to configure and utilize Total Discounts in Dynamics 365 Finance and Operations to maximize your pricing strategies.

Step 1: Trade agreement journal name

Go to Procurement and Sourcing> Setup > Prices and discounts > Trade agreement journal names

Step 2: Turn on the setup parameters.

Go to Procurement and Sourcing> Setup > Prices and discounts > Activate price/discount

Step 3: Create the trade agreement

Click on New button and select the total discount trade agreement journal name under the Name dropdown.

Click on Lines, create the record and post the journal.

Step 4: Turn on the parameter on the product.

Go to Product Information Management> Products > Released products. Open the Purchase tab and turn on the Total discount parameter.

Step 5: Create the purchase order to verify the discount.

Create the purchase order, add the item on which we turned on the total discount parameter in the purchase order lines, and click the Total discount button under the Purchase > Calculate tab option.

Verify the discount from the Totals.

Happy learning,

Syed Amir Ali.