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Level 1

Payment Discounts

In the terms section of Bills it allows you to enter a discount ie: 5%net10

However this amount is not deducted when you pay the bill on time. I read that you would have to enter a vendor credit if you take the discount. We have so many vendors with different terms its hard to remember what the terms are.= and sometimes we man not pay the bill in time to get the discount.

Am I missing something? Seems like a useless feature if it doesn't automatically calculate or remind you of the discount when you pay early.

2 Comments
Level 11

Payment Discounts

@Secmike 

 

Am I missing something? Seems like a useless feature if it doesn't automatically calculate or remind you of the discount when you pay early.

 

No, you said this right. You're not missing anything, it's just a text field, it doesn't function anything more.

Level 3

Payment Discounts

The Desk top version did this calculation... the Online version of QB is awful compared to the Desk Top version

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