Use the Settlement Discount fields in the Post Manual Invoices screen

TABLE OF CONTENTS

• Introduction
• Use the Settlement Discount fields in the Post Manual Invoices screen

Introduction

You can use the Settlement Discount fields to calculate a prompt payment discount amount to show on a manual invoice/credit note. Your invoice template must be adapted to show Settlement Discount before you can use it.

Use the Settlement Discount fields in the Post Manual Invoices screen

Setting a default value:

1. Go to Fees>Setup>Parent Defaults.
2. Select the bill payer account and update:

• Manual Invoice Credit Terms for the default due date - This will override the system default settings in the Account Structure Screen.
• Manual Settlement discount rate per annum - This will set a default Settlement Discount 1 percentage value on the Post Manual Invoice.
• Manual Settlement Discount Days - This can show as a date field on the manual invoice.

Setting an override value:

1. Go to Fees>Invoices>Post Manual Invoices.
2. Select the bill payer account.
3. In the invoice Headers section update/override the Invoice Date, Invoice Due date, and Settlement Discount 1 fields.
4. Complete the invoice and post and normal.
5. The final invoice will only show the settlement discount information with a revised total to pay where the invoice template has been adapted to show it.

Note: Although you can show Settlement Discount on manual invoices, you have to manage the receipt of a reduced payment manually in the Post Receipts and Refunds screen.

For more information on raising manual invoices, please see the Engage Fees Billing guide (Invoices section).