Setting up Multi-level Payment Discount

  • 26/02/2024
  • 3 minutes to read

The Multiple Level Payment Discount module in Business Central enables you to create sales invoices with discounts based on different payment levels. With this module, you can set up payment terms with various discounts. This article describes how to activate and set up the module.

To set up the Multiple Level Payment Discount module using the assisted setup:

  1. Use the Search icon, enter Assisted Setup, and select the related link.
  2. In the Continia Finance section, select Set up Multi-Level Payment Discount.
  3. The wizard will now let you define at least one payment term.

To set up the Multi-Level Pmt Discount module:

  1. Use the Search icon, enter Multi-Level Pmt. Discount Setup, and select the related link.

  2. On the Multi-Level Pmt. Discount Setup page, navigate to the Enable Multi-Level Pmt. Discount Setup field to activate the module.

  3. On the action bar, select Payment Terms to specify the default payment discount settings.

  4. On the Payment Terms page, on the action bar, select New to add a payment term.

  5. Enter information for the following fields:

    FieldDescription
    CodeSpecifies a code to identify the payment terms.
    Due Date CalculationWhen you create an invoice with this payment term code, this formula is used to calculate the due date.
    Discount Date CalculationSpecifies the formula to calculate the payment date when payment terms include a discount.
    Discount %In this field, you can enter the payment discount percentage you want to grant for a specific level. You can define up to 4 additional discount levels in addition to the default setting.
    Calc. Pmt. Disc. on Cr.Specifies payment terms, including payment discount, cash discount, cash discount date, and due date for credit memos.
    DescriptionDescribes the payment terms.
    Value Date CalculationSpecifies a formula for determining the value date. If a value date formula is entered, the due date and payment discount data are calculated based on the document date plus the value date formula.