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I am trying to add discounted terms in an older version of GP. I can successfully add the payment term the way I want it, but I do not know logistically what happens when GP sends the customer an invoice. For example, if the term was a 2% discount if paid within 15 days,will GP just send out a discounted invoice? In that case, say the customer pays 20 days later: How will they know to pay the full price as opposed to the discounted price? Will GP send out another adjusted invoice?
When you print the invoice, it has the payment term listed
( you'll see this when you test )
The customer will then be responsible for submitting the correct payment amount
Thanks
Dean
Good Day
In general, the GP invoice would show the full amount ( let's say for $100 ).
If the customer pays within the terms timeframe, ( $98 ), when it is applied to the Invoice, GP 'knows' to take the $2 discount and considers the invoice fully paid.
My suggestion would be to go into Fabrikam and setup your terms there.
Then, test out your process to verify you are familiar with the results - this is the best way to be comfortable with what GP does.
Thanks!
Dean
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