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How to Process a Payment That Includes a Settlement Discount

The purpose of this document is to show how you can process a payment for an account customer that includes a discount that was given.

 

 This is a 2 Part Process which includes looking for the specific debtor and processing the payment

 

  1. Look for the specific debtor
  •  Go to AccountsDebtorsDebtor Receipts
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  • Click F4 to search on the Account Name tab
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2. Process the Payment
  •  Enter in the Bank Account, Date Posted, the Amount they have paid you

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  • In the Settlement Disc field you need to enter the discount that was provided for example. Invoice for a total of $500.00 but you gave them a discount of $150.00 so the total they need to pay is $350.00. So in the Settlement Disc filed the figure you would need to enter in is $150.00 
  • In the notes you can enter in the invoice and also make a remark about the discount 
 
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  • Now tab through and tick off the invoice that this payment belongs to 
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  • Click on Finalise once everything matches and select the payment method of the way the customer paid you

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