How do I apply settlement discount for a customer?

Summary

It is possible to set up settlement discounts for your customers in Platinum so if they pay the outstanding amount of an invoice within a certain number of days they get a discount. This is an effective way of keeping your cash flow as fast as possible.

More Information

Go to " Sales Ledger Customer File Maintenance".

• In "Filter on", type either the name of the customer or if you know it the account code for that customer and select them from the list that appears in the search results.

You can also get to this stage by pressing <Shift+F10> from anywhere there is an account code.

• Click on the [Invoicing] tab.
• In the bottom right of this page, you will see the "Discount Mode" Option. Here click the drop down and select 'Settlement'.
• In the "Discount" Field, enter the percentage discount you wish to offer this customer.
• In the "Settlement prd" field, enter the number of days within which the customer must pay to take the settlement discount.

See also

• How do I Know if a Customer has a Balance on their Account?
• How do I Set a Credit Limit for a Customer?

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Keywords AND Misspellings

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