Customer Payment DiscountsA 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:
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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.
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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.
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