Entering Vouchers with Discounts

You can enter vouchers with discounts as incentive to issue and receive payments early. When you enter a voucher with a discount, the system calculates the discount and net due dates according to the payment terms assigned to the transaction.

Three methods are available for entering discounts:

• Payment terms.

  You enter a voucher, specifying the payment terms. The system calculates the discount available and due dates from the payment terms. If you want to override the discount amount to zero, you must establish a payment term that does not calculate a discount, then use that payment term on the Enter Voucher - Payment Information form.

  If you change a payment term to recalculate a new discount amount or due date, remove the system-calculated information by clearing these fields:

  • Discount Available

  • Discount Due Date

  • Net Due Date

  If you change the payment terms but not the other discount fields, the system does not recalculate the discount information.

• Discount amount.

  You enter a voucher, specifying the discount available and, optionally, discount and net due dates.

• Discount percentage.

  You enter a voucher, specifying the discount percentage and, optionally, discount and net due dates.