Discount Tab
Use the Discount tab to define the data that determines settlement discounts on early payments for Normal credit terms.
Credit Terms, Discount Tab
Field Descriptions
Discount Percentage
Specify a discount percentage to be applied for prompt payments with this credit terms code. The default percentage is zero, and you must specify the actual discount percentage in this field, and not the payment percentage. For example, to apply a discount of 2% on settlement of the payment, you enter 2 as the value, and not 98.
Period Type
Choose the period type from the drop-down list: days, weeks, fortnights, months.
No of Periods
Enter the number of periods to take into account when calculating the due date.
Supplementary Days
Specify the number of days that should be added to the normal calculation date. This value applies only when you select the period type Month.
