Applying Invoice Discount
The invoice discount (temporarily) reduces the grand total of the invoice. It is applicable to the total gross value for a defined time frame – usually in order to motivate the buyer to make the payment within this specific time.
The relevant fields on the invoice include:
| Field | Data Type | Default Value | Description |
|---|---|---|---|
| Discount Rate | Percent(2,1) | Specifies the discount percentage by which the grand total is to be reduced. Is the calculation base for all discount-related fields. | |
| Discount Payment Due | Number(3,0) | 14 |
Specifies the time (in days) after which the discounted payment is due. |
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JustOn Billing & Invoice Management determines the values for the related fields Discount Amount, Discount Payment Due Date and Discounted Grand Total when the discount rate and the discount payment due are set.
To set an invoice discount for a draft invoice:
- Open the invoice you want to modify.
- Click
next to the
Discount Ratefield and specify the percentage by which the grand total is to be reduced. -
Optionally, click next to the
Discount Payment Duefield and modify the time during which the discounted total is due.The default period is 14 days.
-
Click Save.
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You can also use the Discount Rate and Discount Payment Due fields on the subscription or, with other source objects, corresponding ON fields to have these values set automatically during the invoice run.