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Customer Payment Discounts

A customer payment discount is a discount created at the time of payment for open invoices, if the payment is made within the customer terms. Customer payment discounts are controlled by three factors:

Customer Terms - A customer term of 5% 10th, Net 30th, indicates the customer will receive a 5% discount if the open invoices are paid by the 10th of the following month. If the payment is made after the Discount Payment Date, the customer will not receive a discount and will be required to pay the full amount of the invoice. Review Pay on Account for further information regarding the posting process.
Change Price - No Payment Discount - With the POS | Ring Sale | Change Price option, the user may control the system's capability of calculating further discounts on a specific item of an invoice. When the "No Payment Discount" option is checked, the system will not allow a payment discount to be calculated on the current invoice item. Review No Payment Discount for further information.
Company Setup->Inventory Page 1->Item "No Discount" includes Payment Discount Terms. If this setting is turned on and an item is marked No Discount on the Inventory File screen, Payment Discounts will also not apply.