Cash Discount

1. Early access to cash ensures liquidity to the business.
2. Increase sales through new customers by entertaining them with cash discount.
3. Encourage debtors to pay on time.
4. Avoid cluttering the general ledger with too much detail.

1. Setup various cash discount schemes for different customers.
2. Configure discount in percentage per day basis.
3. System calculates discounts based on payment date and invoice posting date.
4. System allocates discount amount based on template/scheme configured for that customer.

5. Option to apply received payment to oldest invoice first, remaining receipt amount is adjusted to next invoices due.
6. Received payment can also be accept as advance payment if no invoice exists or do not want to adjust against invoice.
7. System creates and post all related journals automatically once configured in setup parameter.
8. Auto create cash discount scheme with reducing percentage for each delayed payment day.
9. Configure payment tolerance amount in setup. System considers received payment for discount calculation if it is within tolerance limit.

10. Cash Discount feature is applicable for domestic customers only.

1. Customer invoices eligible for cash discount.
2. Customer invoice summary to verify paid and unpaid invoices.