CNA L&P - Vendor Terms: Does the system calculate discounts?

 

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:

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