We give customers a prompt payment discount.
It would be great if we could print this on the invoice. For example, "Total if Paid Before…” I have seen other companies do this on their bills. I...
It's already set up in the card file for customers to receive an early payment discount however this does not display effectively on the customers invoices and statements. "10% within 14 days" is not sufficient and I constantly have issues with customers incorrectly calculating the discount. What I would love is the following:
Data field with timeframe terms only (7 days, 14 days, 20th EOm etc - no percentage discount shown)
Data field for: early settlement discount, total with discount, total without discount.
The above is required for invoices but it would be handy if we had the option to include these fields on statements as well.
I see questions/requests for early payment/settlement discount going back as far as 2007. Why hasn't something that has been asked for for the past 6yrs and is standard in most accounting software not been added already?