Accounts Payable Q&A: Vendor Discount

May 2018    Tags: , ,

One of my vendors offers a 5% discount if paid within 10 days. Is there a way I can set it up so that if I pay within this period it automatically only pays the discounted amount?

Discount information can be set up in the Vendor file. Once set up, the discount will automatically be taken for any future invoices that meet the criteria.

To set up a discount for a vendor

  1. From the File menu, point to Open and select Vendor.
  2. Select the desired Vendor.
  3. In the Discount % field, enter “5.00”.
  4. In the Disc Days field, enter “10”.
  5. Press Ctrl+S.
No votes yet.
Please wait...
Share or Print this Article


Comments are closed.