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Process a Payment with an Early Payment Discount

The system automatically applies the discount when the payment date is before the discount due date.

  1. Create the payment journal

    From the FNO dashboard, open Modules ▸ Accounts receivable, expand Payments, and click Customer payment journal. Click New, select the Name (④), then click Lines in the Action Pane (⑤).

    Process a Payment with an Early Payment Discount — the payment journal with Lines highlighted in the Action Pane

  2. Settle the invoice with the discount

    Select the fee payer (⑥) and click Settle transactions (⑦). Set the payment Due date to a date before the discount due date (⑧). Settle the invoice(s) by clicking OK (⑨) — the system automatically applies the discount, reducing the payable amount. Enter the Payment reference (⑩), then click Post (⑪).

    Process a Payment with an Early Payment Discount — the Settle transactions dialog

    Process a Payment with an Early Payment Discount — The payment due date set before the discount due date

    Process a Payment with an Early Payment Discount — the journal line after settling showing the reduced payable amount

  3. Verify the discount

    Check the voucher to confirm the discount was posted. Click the three dots in the toolbar and choose All related vouchers to see the discount amount.