Configure payables discounts

Choose whether discounts are entered on individual item lines or on the total of a vendor bill or vendor credit. Open Menu and select Payables > Settings.

Before you begin

The purchase discount account must be active and configured before a discounted vendor bill or vendor credit can post.

Configure the discount method

1. Open Menu and select Payables > Settings.

2. Select Payables preferences.

3. Select Discounts.

4. Select one option:

   • Item discounts: enables the application of percentage discounts to individual line items
   • Total discounts: reduces transaction amount and the discounted amount is posted separately

5. Select Apply.

With item discounts, vendor bill and vendor credit item lines show the percentage discount fields. With total discounts, the transaction shows total discount fields instead. Discount fields become read-only after the transaction leaves draft status.