Overview tab

Create and view cash discounts and define the next cash discount to be applied, if any, if the first cash discount date is not met.

General tab

View the Overviewtab information about the selected cash discount.

Setup tab

Define the discount principles for the cash discount that is selected on the Overviewtab, such as date intervals for triggering the cash discount and percentage to be applied.

Set up the ledger posting accounts for the selected cash discount.

Cash discount

Enter an alphanumeric code for the cash discount. For example, 10D2% to indicate that the customer receives a 2 percent discount if payment is made 10 days before the due date.

Description

Enter a brief description for the cash discount, for example, 10 days/2 % for the discount code 10D2%.

Next discount code

Select the cash discount code that will be used, when the criteria for obtaining the current cash discount is exceeded. In this manner you can define sets of cash discounts that follow each other.

For example, set up the following codes:

• 5D10% - cash discount of 10 % when the amount is paid within 5 days.

• 10D5% - cash discount of 5 % when the amount is paid within 10 days.

• 14D2% - cash discount of 2 % when the amount is paid within 14 days.

• On the 5D10% code, select the 10D5% in the Next discount codefield. On the 10D5% code, select the 14D2% code in the Next discount codefield. Finally, for the 14D2% code, leave the Next discount codefield blank. In this manner, the three cash discounts will follow each other as the payment approaches the cash discount date, but only one cash discount will be granted.

Net/Current

Choose the method applicable for your cash discount. The method specified, together with the value given in the Daysfield and/or the Months, will be used to calculate the last date that payment can be made in order to receive any cash discount available.

Months

Enter the number of months where the cash discount is applicable.

Days

Enter the number of days where the cash discount is applicable.

Discount pct.

Enter the cash discount as a percentage of the invoiced amount.

Account allowed

Select the ledger account for posting the cash discount given to a customer.

Account received

Select the ledger account for posting the cash discount received from vendors.

Language texts

Translate the cash discount description into other languages.

When you send an invoice to a customer using a language code other than the company language code, the cash discount description in that language appears on the invoice.