Setting up Multi-level Payment Discount

  • 15/10/2024
  • 3 minutes to read

The Multi-level Payment Discount module in Business Central enables you to create payment terms for sales and purchase documents with discounts based on different payment dates. This article describes how to activate and set up the module.

To set up the Multi-level Payment Discount module using the assisted setup:

  1. Choose 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 helps you define at least one payment term. For a description of the fields shown here, see the table below.

To set up the Multi-level Payment Discount module manually:

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

  2. On the Multi-level Pmt. Discount Setup page, turn on the Enable Multi-Level Pmt. Discount Setup setting to enable the module.

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

  4. On the Payment Terms page, in 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. E.g.: 45D(15D).
    Due Date CalculationWhen you create an invoice with this payment term code, this formula is used to calculate the due date. E.g.: 45D.
    Discount Date CalculationSpecifies the formula to calculate the payment date when payment terms include a discount. You can define up to four additional discount date calculations, besides the default one. E.g.: 5D, 10D, 15D, and 30D.
    Discount %Specifies the payment discount percentage you want to grant for a specific level. You can define up to four additional discount levels, besides the default level. E.g.: 10, 8, 6, and 4.
    Calc. Pmt. Disc. on Cr. MemosSelect this checkbox to ensure that payment terms, including payment discount, cash discount, cash discount date, and due date are taken into account in credit memos.
    DescriptionDescribes the payment terms.
    Value Date CalculationSpecifies a formula for determining the value date. If you enter a value date formula, the system calculates the due date and payment discount data by adding the value date formula to the document date.

  6. Your payment term with a multi-level discount is now ready to be used.