How to determine the vendor terms discount amount and include it on the bill
You can create vendor terms, assign them to a vendor, and they will display on the Bills page. However, the software does not calculate the discount for you.
To learn how to create a vendor term and apply it to the vendor, go to How to set up and assign vendor terms
In the example below, if you pay the vendor within 15 days of the invoice date you are entitled to a 2% discount. The software will set the due date based on the vendor terms, and you will see the description of the vendor's terms on the Bill Information page. Note: The discount would need to be manually added to the bill as the software does not calculate the discount.
Discount percentage * total bill = discount amount | .02 * 100.00 = 2.00