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Discount on invoice settlement QB2004

Hi, One of our suppliers has decided to add our additional discounts to the invoice as follows.

12.5% discount if invoice paid withing 30 days.

I have set up these terms for the supplier "net 30 12.5%" but can't work out how to implement it.

I have tried adding the invoice on at normal trade prices however no discounts get applied when paying within 30 days.

Am I missing something? When should QB apply this discount or is it purely there for a visual reminder and Invoices have to be entered at the time with manual correction in anticipation of payment within discount period?

Cheers Pete

Reply to
Pet - www.GymRatZ.co.uk
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"Pet -

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The discount may be applied from the Pay Bills screen. Simply select the 'Set Discount' button at the bottom of the screen at the time you pay the bill. You will be prompted to fill in the account to use for the discount, and a class to use (if desired). QB will have pre-filled a suggested discount amount. Of course, it is possible that the discount will vary by a cent or two from what the vendor invoice is. You may override the amount suggested by QB.

Reply to
L

"Pet -

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" wrote in message news:fe2sj7$g5d$ snipped-for-privacy@registered.motzarella.org...

When is the invoice due for starters?

Reply to
Allan Martin

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