Discount Amount

If terms are associated with an invoice that has an early Payment Discount and the Payment Date is on or before Discount Date then the available discount will be calculated and displayed when Apply is checked. 

You may also manually enter a Discount Amount if either no terms were entered on the bill or if the Discount Date has passed and you still wish to record an early payment discount. 

A customer may only take a discount if the Discount Amount plus the Payment Amount equal the Document Amount.  Discounts may not be taken on partial payments.  See Company Setup documentation for a description of accounts and classes used in posting discounts to the General Ledger.

In order to use early payment discounts during customer payment processing, a discount account must be setup in Company Setup.