Pastel what Discounts do Documents Have?
Pastel Accounting Partner has three types of discounts which can apply to documents. They can all apply at the same time, but the use of all of them is optional. The discounts are:
· Overall Discount
This is a discount which applies to the document as a whole. You set a default percentage for this discount at the customer level. Further, you can change it for each individual customer or supplier invoice. For details of this, click here. However, you can exclude inventory items from being subject to this discount. You do this in the inventory master file edit. For details of this, click here.
· Early Payment Discount
This is an incentive discount for early payment. You create early payment codes, which specify a percentage and a time element. For details of this, click here. You can then assign a default code to each customer or supplier, and with the overall discount above. For each particular invoice, you can override the early payment code. On the invoice footer, Xpress prints the date and amount for the early payment. Note that this discount can affect the actual invoice value in certain circumstances. For details of this, click here.
· Line Item Discount
This is a discount per invoice line item.