Discounts

Clicking the Discounts tab displays the Discounts home page where you can view a list of discounts matching specific criteria, and perform actions such as creating and deleting discounts. .
  • Click to open the List View drop-down menu, then select the list view you want.
  • Use to manage your list views.
  • From the list, click a record's name to go to its detail.
  • To edit a value, hover over the field until appears, then click the field. Press Enter to apply your edit, then click Save (shown below the list view).

What is a Discount?

You can create named percentage and fixed value discounts that you can apply to contract line items on draft contracts. The discounted percentage or amount is applied to the contract line item's Sales Price.

When you apply a discount on a contract line item, these fields are updated automatically:

Object

Field
Contract Annual Recurring Revenue
Monthly Recurring Revenue
Total Contract Value
Contract Line Item Annual Recurring Revenue
Monthly Recurring Revenue
Sales Price
Total Contract Line Value
Note:

A contract line item with a positive Sales Price cannot be discounted to less than zero, and a contract line item with a negative Sales Price cannot be discounted to greater than zero. For example:

  • If a contract line item has a Sales Price of 8 and a discount of 10 is applied, the Sales Price is updated to 0 (not -2).
  • If a contract line item has a Sales Price of -5 and a discount of 8 is applied, the Sales Price is updated to 0 (not +3).

You cannot edit or delete a discount once it has been applied to one or more contract line items.