The Invoice Pay Config includes a main tab named Purchase Discount. In this tab, you can configure various discount rates and payment terms based on different types of payment methods. Below are the key details available in the Purchase Discount tab:
- IDX: Unique identifier for each purchase discount term.
- Term Type: Defines the payment term or method.
- Discount Rate: Specifies the discount percentage associated with each term.
Purchase Discount Details #
The Purchase Discount tab includes a variety of payment terms with their corresponding discount rates. These are the available options:
- NET7 – % Discount
- NET10 – % Discount
- NET14 – % Discount
- NET15 – % Discount
- NET30 – % Discount
- NET45 – % Discount
- NET60 – % Discount
- NET90 – % Discount
- COD – % Discount (Cash on Delivery)
- Prepaid – % Discount
- Wire Transfer – % Discount
- Credit Card – % Discount
- Check – % Discount
- PD15 – % Discount (Purchase Discount 15 Days)
- PD21 – % Discount (Purchase Discount 21 Days)
- PD30 – % Discount (Purchase Discount 30 Days)
These terms help define the payment structure and the discount rates customers can receive depending on the payment method or terms they choose.
Steps for Adding Invoice Pay Config #
To add or modify the Invoice Pay Config settings, follow these steps:
- Navigate to the System: Log into the system and go to the Basic Data section.
- Select Invoice Pay Config: Under Basic Data, click on Invoice Pay Config.
- Fill in the Details: Enter the required information in the Purchase Discount tab, including the IDX, Term Type, and Discount Rate for each payment term.
- Save: Once all fields are filled in, click Save to apply the changes.
The Invoice Pay Config section is designed to help businesses easily manage payment terms and discounts. By configuring the correct terms and rates, companies can offer customers more flexible payment options, improving cash flow and enhancing customer satisfaction. Following the simple steps outlined above ensures that your payment configuration is set up correctly for optimal use.
