Discount on invoice settlement QB2004

  • Thread starter Pet - www.GymRatZ.co.uk
  • Start date

P

Pet - www.GymRatZ.co.uk

Hi,
One of our suppliers has decided to add our additional discounts to the
invoice as follows.
12.5% discount if invoice paid withing 30 days.

I have set up these terms for the supplier "net 30 12.5%"
but can't work out how to implement it.

I have tried adding the invoice on at normal trade prices however no
discounts get applied when paying within 30 days.

Am I missing something?
When should QB apply this discount or is it purely there for a visual
reminder and Invoices have to be entered at the time with manual
correction in anticipation of payment within discount period?

Cheers
Pete
 
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L

L

Pet - www.GymRatZ.co.uk said:
Hi,
One of our suppliers has decided to add our additional discounts to the
invoice as follows.
12.5% discount if invoice paid withing 30 days.

I have set up these terms for the supplier "net 30 12.5%"
but can't work out how to implement it.

I have tried adding the invoice on at normal trade prices however no
discounts get applied when paying within 30 days.

Am I missing something?
When should QB apply this discount or is it purely there for a visual
reminder and Invoices have to be entered at the time with manual
correction in anticipation of payment within discount period?
The discount may be applied from the Pay Bills screen. Simply select the
'Set Discount' button at the bottom of the screen at the time you pay the
bill. You will be prompted to fill in the account to use for the discount,
and a class to use (if desired). QB will have pre-filled a suggested
discount amount. Of course, it is possible that the discount will vary by a
cent or two from what the vendor invoice is. You may override the amount
suggested by QB.
 
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A

Allan Martin

Pet - www.GymRatZ.co.uk said:
Hi,
One of our suppliers has decided to add our additional discounts to the
invoice as follows.
12.5% discount if invoice paid withing 30 days.

I have set up these terms for the supplier "net 30 12.5%"
but can't work out how to implement it.

I have tried adding the invoice on at normal trade prices however no
discounts get applied when paying within 30 days.

Am I missing something?
When is the invoice due for starters?
 

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