Capability for discount payment terms on customer invoices
Make the payment terms more robust so that discount terms can be automatically calculated. As a simple model, the ability to have a discount if paid within a certain number of days and the invoice due date in a longer number of days. For example, net 60, 1.5% 10 days: payment is due within 60 days, but if paid within 10 days the customer is allowed to take a 1.5% discount. The number of days and the discount percentage should be configurable within the terms. Frankly, this is a basic function that is surprisingly missing from the package.
Anonymous
shared this idea
-
Carl Wilson commented
Just added the critical nature of this request.
-
This is a must have for B to B businesses. Even quickbooks supports this ina robust way. This is used on both customer and vendor side to promote faster payments and reward for the same.
-
Anonymous
commented
Yes! Early payment discounts are a great incentive for customers.