How To Guide

Setting up Discount Terms

Setting up the General Parameters .............................................................................................................. 1
Setting up the Discount Terms ...................................................................................................................... 2
Example: 2% discount if paid in 10 days (forward from invoice date) ............................................ 2
Example: 1% discount if paid in 20 days (forward from invoice date) ............................................ 3
Example: 1% discount if paid by due date (backward from Open Item due date) ....................... 4
Example: 2% discount if paid in 10 days, balance due in 30 days ................................................. 5

Setting up the General Parameters

Go to Parameters / General Parameters / Parameter Values
Module: TRS (A/P and A/R), click on the Parameters per group heading in the left list, then
double-click TDC Early Discount/Late Charge mgt.
DATDEP this parameter controls how the accounts receivable discounts will be aged. Options:
forward from the Invoice date or
backwards from the Open Item due date
XAPDATE (in the XNA North American Addon group) this parameter controls how the accounts
payable discounts will be aged. Options:
backwards from the Item due date or
forward from the Accounting date or
forward from the Invoice date

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 Setting up Discount Terms

Setting up the Discount Terms

Go to Common Data / BP Tables / Early Discount / Late Charge

Example: 2% discount if paid in 10 days (forward from invoice date)

When the parameters are set to age the discounts forward from the invoice date, set up the
discount term as follows.

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 Setting up Discount Terms

Example: 1% discount if paid in 20 days (forward from invoice date)

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 Setting up Discount Terms

Example: 1% discount if paid by due date (backward from Open Item due date)
When the parameters are set to age the discounts backward from the item due date, set up the
discount term as follows.

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 Setting up Discount Terms

Example: 2% discount if paid in 10 days, balance due in 30 days

When the aging is done from the due date, a 2% 10 term would have to be set up for payments
where the balance is due in 30, 45, 60 days, etc.

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