About Discount Calculations in Payments Plus

So that you can see the discount you can deduct from your payments, Payments Plus calculates and displays any available settlement discount for each payable document, and the total discount for all proposed items.

The discount that appears in the list of transactions is the best available for the specified discount date.

For example, if you have an invoice that has:

Discount date: 24 March 2017, discount amount 5.00
Discount date: 04 April 2017, discount amount 2.00

If you set the discount date to 24 March 2017, it shows a 5.00 discount.

If you set the discount date to 30 March 2017, it shows a 2.00 discount.

If you set the discount date to 05 April 2017, there is no discount.

Notes:

• The discount is only deducted if the invoice is paid in full.
• You cannot amend the discount amount within Payments Plus.
• The discount date initially defaults to the payment date, but you can change it up until the status of the proposal becomes "Proposed". If you want to change it after that, you must remove all transactions from the proposal and start again.
• If you amend the payment date after a discount date is set, the discount date remains unchanged.