Settlement Discount, doesn't seem to do anything?

Question

I'm looking in to bringing back early payment discounts I've set it up on the test system, done a few invoices and payments, and nothing seems to do anything relating to anything I've done 
 Just to keep it simple I set 10% in 10 days, raised and shipped an order, updated the invoice, raised a payment, and sage didn't seem to care. It didn't suggest some invoices might be due SD, nor did it make any comment if I gave a 20 day old invoice a 50% SD 
 There doesn't appear to be a standard invoice or statement template that uses the field either? 
 
 Am I missing something simple or am I going to have to do it all myself?

Mark Rutherford · Accepted Answer

Hi Dominic, 
 Thanks for using Sage City. 
 
 The settlement discount fields, that you see on the customer record are for information only. 
 
 To raise an invoice, to display the settlement discount, you would need to do the following: 
 
 When creating your invoice, click Footer on the left hand side. 
 Enter your terms in the Settlement Terms section. 
 When printing or emailing your invoice, you need to use the following layout: A4 Inv Settlement Discount - Plain Paper (Print or Email) 
 This will display the terms on the invoice for the customer. 
 
 As this is still information only, when it comes to marking the invoice as being paid, you will need to enter the amount of discount when on the Customer Receipt window. 
 
 If this has helped, then please click Verify Answer . 
 Regards, Mark Sage UKI

Sage 50 Accounts

Settlement Discount, doesn't seem to do anything?

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