You’re offline. This is a read only version of the page.
85
Hello,
I'm having a little trouble configuring the Net Terms and discounts in GP 2010. Here is my scenario:
All invoices are due Net 30 days from the Invoice Date. However, if an invoice is paid before the 10th of the following month it should apply a 2% discount. The only exception is if an invoice is issued on or after the 25th, then the discount period is extended to the 10th of the 2nd month after. The due date is still net 30, so the invoice is technically past-due, but the discount period is still available until the tenth of the second month.
For example:
| Invoice Date | Due Date | Discount Date |
| 01/05/2015 | 02/05/2015 | 02/10/2015 |
| 01/26/2015 | 02/26/2015 | 03/10/2015 |
| 02/01/2015 | 03/01/2015 | 03/10/2015 |
I tried configuring the Payment Terms as:
Due: Net 30
Discount: Date 10
Discount Grace Period: 15
Unfortunately this calculated the Discount Date and then added 30 days to calculate the due date, which is not what I'm looking for.
I've been at this for a while with little success. I would appreciate any assistance that you can provide.
*This post is locked for comments
I have the same question (0)
I don't believe GP 2013 or lower can accommodate your needs. GP 2015 has made significant improvements to Payment Terms functionality. You may want to take a look at this.
community.dynamics.com/.../draft-enhanced-payment-terms.aspx
Share
Report
All responses (
Answers (
