Enter Payment Terms Discount

Explanation

Use this activity to enter information on the payment terms discount. If two (or even more) discount terms result in the same discount date, there should be only one discount line created for that installment, but the percentage should be the highest of the involved discount term lines and the amount will be calculated according to that higher percentage.

Prerequisites

This activity has the following prerequisites:

• The payment term must exist in Payment Terms in IFS/Accounting Rules.

System Effects

As a result of this activity:

• The payment terms discount can be used in IFS/Invoice and IFS/Payment.

Window

Payment Terms

Related Window Descriptions

Payment Term Discount

Procedure

To perform this activity, follow these steps:

1. Open Payment Terms and find the existing payment terms.
2. Select a payment term, right-click and then click Payment Terms Details.
3. Select a record, right-click and then click Payment Term Discount.
4. Enter the percentage of discount to be applied to the payment term in the Discount Percentage field.
5. Specify the number of free delivery months offered and the days for the discount date in the relevant fields.
6. Optionally, select the End of Month check box if you want to set the discount date to the last date of the month.
7. If applicable, specify the specific discount days to be applied for the discount date.
8. Save the information.