Early Payment Discount Codes

OBJECTIVE

The Early Payment Discount Codes function is used to manage payment discounts on supplier invoices. The early discount codes defined can be associated with suppliers as a default value to be used when new disbursements are entered.

 

Steps

maestro* > Purchasing > Maintenance > Supplier > Early Payment Discount Codes

 

Enter a discount

1. Enter the required information in the Detail tab:

Field	Description
Code	Code for the discount. NOTE: The code is generated automatically by the system if no code is entered.
Description	Description of the discount.
Discount Type	Available values: 1-Number of days Number of days for the discount validity term. NOTE: For example, a 10% discount applies if payment is made within a period of 20 days following the actual invoice date. 2-Day of next month Number of days after which the discount is valid. NOTE: For example, a 5% discount applies if payment is made before the 15th day of the next month based on the actual invoice date.
Number of Days	Number of days from the transaction date if the Discount Type is 1 or day number if the Discount Type is 2.
Number of Months	Number of months. NOTE: This field is only used if the Discount Type is 2.
Discount Rate	Applicable discount rate.

2. Click Save.

 

See also

• Define Supplier Pricing
• Supplier Management
• Selected Disbursements

 

Last modification: November 12, 2024