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
- 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.
- Click Save.
See also