Discounts taken on expenses

[Bluesden]

Hello all.
I hope someone can answer a question that has been troubling me, maybe unnecessarily…

Here’s a sample scenario that explains the issue.
If I buy some stationery items that cost £10 but get a discount of £4 the following happens:
£10 is allocated to 7504 Stationery
£4 is allocated to 5009 Discounts taken

All good, as the total expense of the purchase order shows as £6 however, 5009 appears in my P&L under cost of sales and 7504 appears under expenses. This has the effect of overstating my total expenses value in the P&L and understating my Cost of sales in the P&L.

Am I doing something wrong or is this OK as it all equals in the final P&L net profit figure?

[Paul_Courtier]

Just enter the purchase as less the discount. Discounts taken isn’t the same as a discounted purchase. You can safely ignore it.