Early-payment terms are discounts you give or receive for paying an invoice or bill within a certain time. The terms also indicate when the complete invoice amount is due.
Early-payment discounts are tracked in the Sales Discounts account from your list of accounts.
There are three ways to enter
a customer's early-payment terms:
If your customer pays within the discount period, Sage Simply Accounting calculates the discount and updates the accounts when you process the payment.
In the invoice, you can also choose to calculate the discount before applying the sales tax.
There are two ways to enter early-payment
terms offered by your
With one-time
The Daily Business
Manager reminds you when an early-payment discount is about to expire,
so you can take advantage of early-payment discounts your
Add or change early-payment terms for a customer