VENDOR DISCOUNTS

In AP Manager, set up a Vendor Term for Discounts (Tools -> Vendor Terms). Fill in the terms (i.e. Net Due and Discount Percentage)

In AP Manager, Tools -> System Settings set the system up to “Allow Voucher Discounts”.  You will also need a default GL Account code so if you haven’t already done so, set one up in GL Manager.

Open the vendor that is giving the discount and change the vendor terms on the Accounting Information tab to use the discount terms code.

When the check is written, the system will automatically calculate the discount as long as the terms of the code are met.

*Note:  The discount is created in the data file at the time the voucher is saved.  If the voucher is saved prior to the vendor being set to use a discount vendor term, the discount will not be reflected.