Discount Terms
Problem Description: We need the system to work in the following manner:
Invoice A – Terms 2% 10 days, Net 30
Invoice Date 4/1/10
Invoice B – Terms 2% 10 days, Net 30
Invoice Date 3/20/10
Invoice C – Terms 2% 10 days, Net 30
Invoice Date 3/2/10
Payment Date 4/3/10
Pay Through Date 4/3/10
Invoice A is picked up to secure the discount…Invoice B is not because it is outside the discount…Invoice C is picked up because it is beyond the Net30 and ready for payment.
The problem seems to be that regardless of the payment date or pay through date….with discount terms as they are currently set…the system will only pick them up for payment if the pay date or pay through date exceeds the threshold for the extension of the discount range (in this case…after 10 days, but not before)…and I would contend that the system should pick up anything within a discount period at the first opportunity rather than after the threshold is exceeded. In the above example for invoice A…rather than selecting the invoice for payment for any pays made April 1