Skip to main content
Answer

Discount Grace Period

  • August 6, 2021
  • 5 replies
  • 225 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

J

5 replies

Naveen Boga
Captain II
Forum|alt.badge.img+19
  • 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 🏆 | Independent Developer for Hire 🚀 ⏩ https://www.linkedin.com/in/boga-naveen-kumar-54079a66/
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.

S
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
Chris Hackett
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 & ConditionsCookie settingsAccessibility 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