Setting Up Invoice Discount Terms for Purchases

After you have entered invoice discount codes for the relevant vendors, you must set up an invoice discount window for each code.

To Set Up Invoice Discount Terms for Purchases:

  1. Open the Vendor Card window.

  2. Browse to a vendor with an invoice discount code. If there are several vendors with this code, it does not matter which vendor you choose.

  3. Click Purchases, Invoice Discounts.

  4. In the Currency Code field, enter the code for the currency for which you want to set up invoice discount terms. Leave the field blank if you want to set up invoice discount terms in LCY.

  5. In the Minimum Amount field, enter the minimum amount that an invoice must have to be eligible for a discount. The minimum amount is in the currency represented by the code in the Currency Code field on the same line.

  6. In the Discount % field, enter the percentage rate to be used.

    You can set up as many lines as necessary if you will receive different discount percentages for different invoice amounts and for different currencies. Optionally, you can enter an amount in the Service Charge field. The service charge is also in the currency represented by the code in the Currency Code field on the same line.

  7. Go to the vendors with other codes and repeat steps 3–6.

Related Topics

Entering Invoice Discount Codes on Vendor Cards

Choosing a Principle for Posting Purchase Discounts