Does the system calculate vendor discounts in the bills screen?
You can create vendor terms, assign them to a vendor, and in the Bills screen the terms will display. The system does not calculate the discount for you.
To create a vendor term, go to SETUP>Vendor terms:
To assign the terms to a vendor, go to Vendors>
In this example, if you pay the vendor within 15 days of the invoice date you are entitled to a 2% discount. The system will set the due date based on the vendor terms, and you will see the description of the vendors terms in the Bills screen: