Early-Payment Terms or Discounts

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.

Customers

ClosedThere are three ways to enter a customer's early-payment terms:

If your customer pays within the discount period, Sage 50 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.

Vendors

ClosedThere are two ways to enter early-payment terms offered by your vendor

With one-time vendors , you can choose to calculate the discount before the sales tax is applied in the bill.

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 vendors offer you.

What do you want to do?