Using the Multi-Level Payment Discounts module
The multi-level payment discounts feature is part of Continia Finance and enables you to define multiple discount tiers for a single invoice, such as 3% at 10 days, 2% at 20 days, and 1% at 30 days.
You can use multi-level payment discounts in Continia Banking, which automatically retrieves the correct discount information from Continia Finance during the payment suggestion process.
Continia Banking does not manage or configure these discount levels. Instead, it retrieves the relevant discount information from Continia Finance during the payment suggestion process.
When you create payment suggestions, Continia Banking sends a request to Continia Finance to check whether a ledger entry includes multi-level payment discounts. If multi-level discounts exist, Continia Finance returns the correct discount percentage based on the Discount Date in the suggestion request page. Continia Banking then applies this discount information to the payment line. This affects the displayed Amount Payable/Collectible, but the underlying discount definitions are managed entirely in Continia Finance.
Requirements
To use multi-level payment discounts in Continia Banking, you must meet the following requirements:
- Continia Finance and the Multi Level Payment Discount module are installed and activated.
- On the Extended Financial Reports Setup page, enable Show Extended Data FactBox.
- Enable Advanced Payment Suggestion on the Banking Export Setup page.
After you enable these settings, you can view multi-level discounts in the Extended Data FactBox when you open vendor or customer ledger entries.