Vendor payment terms offer a discount if paid early. The discount is based off of the invoice amount, less their shipping/freight cost. Sage calculates the discount based on the total invoice amount (including shipping/fright), but vendors may calculate the discount based on the invoice amount less shipping cost. How can the shipping be entered into the bill so that it is not included in the calculation for the early payment discount?
by: Kyla F. | 11 months ago | Financial Management
Comments
Only put the material cost in the discount box and invoice total in the total payment box is what we do.