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Applying payments with early payment discount

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Posted on by ChloeNL

Hello,

We offer some customers early payment discounts. When we post the payments on the customers accounts and try to apply the entry to the invoice use the discount, it doesn't always pulls through.

Sometimes the discount applies first time, sometimes it wont apply at all.

An example of this is I went into apply application, the discount range was 1/7/20-8/7/20, the customer paid 1/7/20. I can see the discount figure in possible discount, I tab through, I apply the lower amount they paid however it remains part allocated. Nothing I do makes the discount apply!

Thanks in advance

Chloe

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saurabh bharti 15,039 Moderator on at

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Hi Chloe,

Normally cash discount setup is done for this and mapped with payment terms in AR> Setup >Payment setup

for example, if you have payment term as Net30 , if your customer pays you within 20 days then you offer cash discount of 1 %, this scenrio can be achieved through this

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Annaick on at

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Hi Chloe,

Cash discount applied based on payment date

If you have several cash discount amounts, 4%D10 next 2%D20, you cannot select the amount.

If you want to apply 200 and not 400, then delete line.

if 1st line is deleted, then 200 will be applied whatever the date before 10/10/2020

hope this answer your question

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