Cash Discounts & Acumatica Payments

Hi ​@Melissalutrick21 

You implement cash discounts for customers as follows:

SETTING SECTION
+ Step 1: Create Credit Terms (Receivables > Credit Terms)

+ Step 2: Select Terms for Customers
On the Customers screen > FINANCIAL tab > Select the "Terms" you created in Step 1

+ Step 3: Select the "Cash Discount Account" for Customers
On the Customers screen > GL ACCOUNTS tab > Select the "Cash Discount Account" you want to use for accounting

TESTING SECTION
+ Step 1: Create Invoice

When you create an invoice for a customer who has set up cash discounts as above:

- In the "Cash Discount Date" section, the system will automatically display the date.
- In the "Cash Discount" section, the system will automatically display the discount amount if payment is made on time.

+ Step 2: Create Payment

- In the "Application Date" section, if you select a date within the discount period => In the "Cash Discount Taken" section, the discount amount will automatically display.

- The "Amount Paid" section; Applied to Documents also automatically displays the amount to be paid after deducting the discount.

+ Step 3: Check the accounting entries after making the payment.

Best Regards,

NNT