Prompt Payment Discount

To take up a supplier’s prompt payment discount, the Creditor’s account must be set up with a percentage discount. To do this:

1. In Exo Business, go to the Details 2 tab of the Creditor Account screen and enter a value in the Prompt payment discount field:

    

2. In Payment Processor, click the Calc Disc button ( ).

Discount will be calculated on invoices where:

• Creditors accounts where To Pay is set to "Yes".

• The prompt payment discount has been set-up for the creditor

• The creditor’s invoices have been released.

• The Due Date of the creditor’s invoice is less than or equal to the Payment Date on the main Payment Processor screen.

A new transaction is generated to represent the discount taken.