Accounts Receivable > Setup > AR Invoice Discounts

AR Invoice Discounts

You use this program to define invoice discount codes with up to three chained discount percentages.

Within the Customers program, you use these codes to specify the automatic discount applicable to each sales order line processed for the customer and to each invoice processed for the customer when a stock item's Pricing method is set to Discounted (Stock Codes) when a Simple or an Extended pricing method is used (Sales Orders Setup).

Invoice Discount Details

Field Description
Invoice discount Indicate the discount code you want to add or change.
Invoice discount information  
Discount code This indicates the discount code you selected.
Description This indicates the description for the Discount code.
Discount percentages

The discount percentages entered can be positive or negative values

The display of discount chains takes account of the sign of the first discount percentage and, if negative, reverses the sign of the second and third discounts (i.e. the second and third discounts are subtracted from/added to after the first discount has been applied).
First Indicate the first discount percentage to apply.
Second Indicate the second discount percentage to apply.
Third Indicate the third discount percentage to apply.
Discount details  
Basis for discount Indicate the values to which the discounts must be applied.
List price Select this to apply the discount percentages to the list price held against a stock item (Stock Codes).

If you select this option, then the discount can only be applied to a foreign currency customer when the list price of the stock code is in the customer's currency (see Pricing for a Stock Code).

Cost

Select this to apply the discount percentages to the unit cost held against a stock item (Inventory Warehouse Maintenance for Stock Code).

The discount is added to the cost price, effectively allowing you to mark up the cost price by a given percentage.

[Note]

You cannot select this option with a FIFO or LIFO costing method (Inventory Setup, or Warehouses if costing is per warehouse).
Specific price

Select this to apply the discount percentages to a specific price code.

The price code the discount percentages are applied to must be entered below.
Price code

This is only applies to Specific price basis for discount.

The code entered is not validated here, but if it is not held on file then no price is retrieved during sales order entry processing.

Price codes are maintained using the Browse on Stock Code Pricing program.
Price indicator

Indicate how the prices are displayed in Sales Order Entry and on Sales Order documentation.

This does not apply to a Specific price code as then the price is displayed as the coded price and the detailed discounts are added to the sales order line and calculated at the time of invoicing.

With the List price option, you can select Net for the price to be added to the sales order after discount has been taken.

Gross

Select this to display the total merchandise value separately from the discount value on a sales order.

Both the gross merchandise value and the discount value are displayed on the sales order.
Net

Select this to hide the discount from the customer by displaying the merchandise value after the applicable line discounts have been subtracted.

Only the net merchandise value (after the discount has been applied) is displayed on the sales order.

Notes and warnings

eSignature considerations

Electronic Signatures provide security access, transaction logging and event triggering. This enables you to increase control over your system changes.

Access to the following eSignature transactions within this program can be restricted at Operator, Group, Role or Company level. You configure this using the eSignature Setup program.

eSignature Transaction Description
AR SO discount added

Controls access to the New Invoice Discount function in the AR Invoice Discounts and Browse on AR Invoice Discounts programs.
AR SO discount changed

Controls access to the maintenance of invoice discounts in the AR Invoice Discounts and Browse on AR Invoice Discounts programs.
AR SO discount deleted

Controls access to the Delete function in the AR Invoice Discounts and Browse on AR Invoice Discounts programs.

Inserting Application Help

You would typically follow this procedure to display help for the current program in a customized pane that can be pinned to the program window.

Information includes step-by-step instructions for the various functions available within the program, including a brief overview of what the program does, what setup options are required and how to personalize the program.

  1. Open the program for which you want to insert application help into a customized pane.

    This functionality is only available for a program that has panes.

  2. Right-click any form field.

    You can also click the triangle menu icon that appears in the title area of a pane.

  3. Select Insert Application Help from the context-sensitive menu.

    The application help appears in a pane within your program. You can reposition the pane using the docking stickers or pin it to the program window.

Removing the Application Help pane

If you no longer want to display application help in a pane for your current program, you can simply remove it.

  1. Select the Close icon in the right-hand corner of the application help pane.

  2. Confirm that you want to delete the pane.