Using Multi-level Payment Discounts in Sales and Purchases

  • 13/11/2025
  • 4 minutes to read

This article describes how to use multi-level payment discounts in sales and purchase documents in Continia Finance.

Note

Before you use multi-level payment discounts, ensure the module is enabled and at least one payment term is set up. For instructions, see Setting up Multi-level Payment Discount.

To use multi-level payment discounts in sales documents

To use multi-level payment discounts in sales invoices:

  1. Search (Search) for and select Sales Invoices.
  2. On the Sales Invoices page, click New.
  3. Fill in the required fields and any additional fields needed for this transaction.
  4. On the Invoice Details FastTab, select a value from the Payment Terms Code dropdown menu.
  5. When ready, click Post.

After posting, you can review the applied payment terms:

  • On the Customer Ledger Entries page, select the i icon at the top-right corner.
  • Expand the Customer Ledger Entry Details FactBox to view the payment terms applied.

To use multi-level payment discounts in purchase documents

To use multi-level payment discounts in purchase orders:

  1. Search (Search) for and select Purchase Orders.
  2. On the Purchase Orders page, click New.
  3. Fill in the required fields and any additional fields needed for this transaction.
  4. On the Invoice Details FastTab, select a value from the Payment Terms Code dropdown menu.
  5. When ready, click Post.

After posting, you can review the applied payment terms:

  • On the Vendor Ledger Entries page, select the i icon at the top-right corner.
  • Expand the Vendor Ledger Entry Details FactBox to view the payment terms applied.

Tip

You can also assign a default payment term to a customer or vendor card under the Payments FastTab. The selected term applies to all sales or purchase documents for that customer or vendor.

To apply entries with multi-level payment discounts

When you apply a payment related to a document with multi-level discounts, the payment date determines the discount applied. The example below uses the cash receipt journal, but the process is similar in the general journal.

To apply entries with multi-level payment discounts:

  1. Search (Search) for and select Cash Receipt Journals.
  2. On the Cash Receipt Journals page, fill in the required fields according to the related sales or purchase document.
  3. Under Amounts, enter the amount minus the discount valid for the posting date.
  4. On the action bar, click Home > Apply Entries and then select the correct posted entry.
  5. Click Set Applies to ID to populate the fields in the posted entry with the values from the document in the journal.
  6. Payment discount fields are automatically calculated based on the posting date and the selected payment terms code.

See also

Setting up Multi-level Payment Discount