Creating Multiple Discount Dates and Percentages for Terms Codes

Use the Discount Table screen to create two or more discount dates and percentages for a terms code.

For example, you have given a customer a net due date of 90 days from EOM, and you want to encourage this customer to pay sooner by giving them a series of discounts. You give them a 3% discount if they you receive payment from them within 10 days from EOM, a 2% discount if you receive payment from them within 40 days from EOM, which is 1 month and 10 days, and a 1% discount if you receive payment from them within 70 days from EOM, which is 2 months and 10 days.

To create multiple discount dates and percentages:

From the Files menu, select Terms to display the Terms Maintenance screen.
Use the Discount Table hot key to display the Discount Table screen.
In the Mths field, enter the number of months allowed after the trigger date before payment is required in order to be eligible for the discount.
In the Days field, enter the number of days in addition to the number of months allowed after the trigger date before payment is required in order to be eligible for the discount.
In the Percent field, enter the discount allowed if the payment is receive by the discount date.
When you are finished entering discount dates and percentage amounts, press Esc to save this information and return to the Terms Maintenance screen.

When the discount percentages have been entered, the Discount Percent field displays the term *Multi* and the Discount Months Allowed and + Days Allowed fields are blank.