Setting up Multi-level Payment Discount
The Multi-level Payment Discount module lets you define payment terms for sales and purchase documents with multiple discount levels based on different payment dates. This article describes how to activate and set up the module.
To set up the module using assisted setup
- Search for
and select Assisted Setup. - In the Continia Finance section, select Set up Multi-Level Payment Discount.
- The wizard helps you define at least one payment term. For a description of the fields shown here, see the table below.
To set up the module manually
Search for
and select Multi-Level Pmt. Discount Setup.On the Multi-level Pmt. Discount Setup page, turn on the Enable Multi-Level Pmt. Discount Setup.
On the action bar, click Payment Terms to open the default payment discount settings.
On the Payment Terms page, click New to add a payment term.
Enter values for the fields described below.
Field Description Code Specifies a code to identify the payment term. Example: 45D(15D).Due Date Calculation Defines the formula used to calculate the due date when an invoice is created with this payment term. Example: 45D.Discount Date Calculation Defines the formula used to calculate discount dates. You can set up to four additional discount date calculations, besides the default one. Example: 5D,10D,15D,30D.Discount % Specifies the payment discount percentage for each level. You can define up to four additional discount levels, besides the default level. Example: 10,8,6,4.Calc. Pmt. Disc. on Cr. Memos Select to apply payment terms, including payment discounts, cash discounts, discount dates, and due dates, to credit memos. Description Provides a description for the payment term. Value Date Calculation Defines the formula for calculating the value date. If a value date formula is entered, the due date and discount date are calculated by adding the value date formula to the document date. The new payment term with multi-level discounts is now ready to use.