Settlement Discounts can be used to encourage prompt payment by offering
customers discount on invoices if they pay within a specified number of days.
Settlement discount is assigned to customer accounts on the Discounts tab
in Customer Details. Invoices for an account with settlement discount
will
show the values they can deduct from the invoice if it is paid within the
number of days in their settlement discount structure. Click here
to view an
example of an invoice with settlement discount. When you post the payment
received from the customer, you can create discount transactions for
settlement discount taken.
To create the settlement discounts that can be attached to customer
accounts:
1. Select Gx Sales from the toolbar.
2. Hold the cursor over Options on the menu.
3. Select Settlement Discount from the second menu.
4. Enter a two digit numeric Discount Code.
5. Enter a Description for this settlement discount.
6. Enter the number of days to pay within.
7. Enter the Discount % Available for paying within this number of days.
8. Select the Due Date Method from the drop-down menu.
9. Enter the next level within this settlement discount if available, i.e. the next
number of days they can pay within and the discount available.
Click here to view the Settlement Discounts screen.