how to setup supplier terms

as a discount of 2% 15th month following ?

so all invoices in Jan get a 2% discount is paid by Feb 15th

  • 0

    I think you have to manually enter those discount at time of payment using the discount taken column in the payment module.

  • 0

    Hi Roger

    You set up the discount amount in the Customer Record, and the Discount is taken in Receipts. The discount is date based. As per the screen shot if the Date is Feb 15-2015 all items have the discount. Because it met the terms of 2% 15 Days if the date is Feb 16 then the discount is not there for the first invoice that was due Jan 31. It is driven by days from the date of the invoice not a specific day of the month.

  • 0 in reply to The Software Coach

    I'm actually referring to suppliers, not customers

    suppliers has the same early payment setup

    but 'days' is from the invoice date, not a specific day of the month

    if I create a supplier invoice dated Jan 22, with "2% 15days, net 30"

    sage will allow me the discount until Feb 6th

    but for this supplier, I need the discount to be available to the 15th day of the following month

    so in this example, if paid the invoice anytime, from Jan 22 to Feb 15, I get the discount

    if paid Feb 16th - no discount

    generally, any invoice for this supplier, dated in Jan, if paid by Feb 15th, gets the discount

    I suspected, per Smithco, that this is not possible in sage 50, unless manually applied

    not that Sage can't implement it, because sage US provides this feature

  • 0 in reply to Roger L

    Hi Roger

    It is implemented the same way in Vendors...or as you call them Suppliers as per your Sage 50 Canadian setup.

    You are right, if you need the discount to be to a certain date each month the answer is no.

    As to Sage 50 US that is not the same as Sage 50 Canadian. Just because the name is the same does not mean they can have the same features. Sage 50 UK also has many features not available to the Canadian or US version...but just because the same naming convention means same features. It is like comparing Apple to Oranges.

  • 0 in reply to The Software Coach

    but the apple and the orange are both owned by one chemist

    who could graft a apple branch to the orange tree, and add functionality without a full redesign

    should they choose to do so ....