Payment Terms: Discount Terms Tab

Use this section to add different discount terms to payment terms. You may add one discount term or multiple, that will work all together when payment terms are active and used in payment documents.

Discount terms are added as line items in this section.

Line item is a line structure that contains an item and item details. Line item representing discount parameters is comprised of two fields – Max term (days) and Discount %.

To add a new line item, click the +Add new button above the table used for listing added line items.

If you add a line item, you have to fill in all required fields of this line item to be able to save the document. If you fail to fill in all required fields, you can also delete the line item to be able to save the document.

Line item fields

Field

Used for

Max term (days)

Add a number of calendar days during which a set amount of discount will be valid

  • It is a required field. If you do not provide the maximum term in days, you will not be able to save it.

Discount %

Specify the rate of discount for a set number of calendar days.

For example, if you set max terms as 4 days and a discount % as 5, it will mean that if the amount of invoice or purchase invoice is paid within 4 calendar days, the payer will receive the discount of 5% from the amount.

  • It is a required field. The value entered has to be greater than 0, otherwise, you will not be able to save payment terms.


More information
Payment Terms: General Area