If you have fixed terms for invoice discounts with any vendors, you can enter them for those vendors. Then the program can calculate the discount when you fill in a purchase invoice.
Before you can use invoice discounts with purchases, you must designate the vendors from which you will receive the discounts when the terms are satisfied.
You link discount percentages to specific invoice amounts in Vend. Invoice Discounts windows. You can enter any number of percentages in each window. Each vendor can have its own window, or you can link several vendors to the same window.
In addition to (or instead of) a discount percentage, you can link a service charge amount to a specific invoice amount.
You can define the terms of the invoice discount in LCY for domestic vendors and in foreign currency for foreign vendors.
You can choose to have the program automatically calculate the invoice discounts for quotes, blanket orders, orders, invoices or credit memos.
Before you start entering this information in the program, it is a good idea to prepare an outline of the discount structure you want to use. This makes it easier to see which vendors can be linked to the same invoice discount window. The fewer windows you have to set up, the faster you can enter the basic information.
Setting Up Invoice Discount Terms for Purchases
Entering Invoice Discount Codes on Vendor Cards
Choosing a Principle for Posting Purchase Discounts
Invoicing Purchases with Invoice Discounts in LCY
Invoicing Purchases with Invoice Discounts in Foreign Currency