Calc. Pmt. Disc. on Cr. Memos Field

The Payment Terms Table

A checkmark in this field indicates that the program will calculate a payment discount on credit memos with these payment terms. The field will automatically be blank when you create a new payment terms code.

If you place a check mark in this field and assign the payment term to a customer or vendor, the program will automatically calculate the payment discount when you create a credit memo for the customer or vendor. When you post a credit memo, the program will calculate the payment discount amount possible at the time of posting.