Skip to main content
Solved

Discount Grace Period

  • August 6, 2021
  • 5 replies
  • 252 views
K

I have a customer who is setup with a terms discount of 2%. The terms are 2%N45. I would like to set a grace period for the discount to apply of 5-7 days and not quite sure how or if this can be done. Any help would be much appreciated.

Thanks
 

Best answer by ChandraM

Hi @klandry Please find the below screenshot showing the option which you can try.

Thanks

    5 replies

    Naveen Boga
    Captain II
    Forum|alt.badge.img+20
    • Naveen Boga
    • Captain II
    • August 7, 2021

    @klandry  I don’t think this feature is available as part of standard Acumatica.

    Naveen B - Acumatica MVP 🏆 | Acumatica Developer 🚀 ⏩ https://www.linkedin.com/in/naveenb-acumatica-mvp/
    J
    Freshman I
    Forum|alt.badge.img
    • joellen53
    • Freshman I
    • August 12, 2021

    We have a customer that needs this as well for both customers and vendors.  They need a grace period and also a tolerance level for discounts.  When they have 2% Net 45 on a Vendor Invoice, the vendor may round a little differently so it would be nice to be able to adjust it slightly over the Acumatica calculated amount.

      C
      Semi-Pro I
      Forum|alt.badge.img+8
      • ChandraM
      • Semi-Pro I
      • August 13, 2021

      hi @klandry Please try with the Credit Terms → Cash Discount Settings - > Fixed Number of Days options in the Credit Terms screen for the customer.

      Thanks

       

      Chandra M
      C
      Semi-Pro I
      Forum|alt.badge.img+8
      • ChandraM
      • Semi-Pro I
      • Answer
      • August 13, 2021

      Hi @klandry Please find the below screenshot showing the option which you can try.

      Thanks

      Chandra M
        S
        Freshman I
        • slottkel25
        • Freshman I
        • June 13, 2022

        @joellen53 - did you ever find out how to do a ‘grace period’ for the vendor cash discounts?

        Terms & ConditionsAccessibility statement
        About Acumatica ERP system
        Acumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Built on a future-proof platform with open architecture for rapid integrations, scalability, and ease of use, Acumatica delivers unparalleled value to small and midmarket organizations. Connected Business. Delivered.
        © 2008 — 2024  Acumatica, Inc. All rights reserved