About Discount Calculations in Vendor Payment Lightning

Vendor Payment Lightning calculates and displays any available settlement discount for each payable document, and the total discount for all proposed items.

The discount that appears in the list of transactions is the best available for the specified discount date.

For example, if you have an invoice that has:

• Discount date: March 24,2023, discount amount 5.00
• Discount date: April 04,2023, discount amount 2.00

Then this is how the discount is applied:

• If you set the discount date to March 24,2023, it shows a 5.00 discount.
• If you set the discount date to April 04,2023, it shows a 2.00 discount.
• If you set the discount date to March 30,2023, it shows a 2.00 discount.
• If you set the discount date to April 05,2023, there is no discount.

Notes:

• The discount is only deducted if the invoice is paid in full.
• You cannot amend the discount amount within Vendor Payment Lightning.
• The discount date initially defaults to the payment date, but you can change it up until the status of the proposal becomes "Proposed". If you want to change it after that, you must remove all transactions from the proposal and start again.
• If you amend the payment date after a discount date is set, the discount date remains unchanged.