Enhanced interface

Apply discounts—Accounts Receivable

You can apply available discounts when you receive a customer payment. Sage Intacct supports the following types of discounts:

Term discounts
Custom discounts

If you use the Canadian Sales Tax solution, you can apply term discounts and custom discounts in certain taxable transactions.

Apply a term discount

If a customer pays an AR sales invoice within the discount period of the AR sales invoice term, you'll see the discount amount that's available to them.

You can also set up Accounts Receivable to apply available discounts automatically on the Configure Accounts Receivable page.

Subscription	Accounts Receivable
Regional availability	All regions
User type	Business
Permissions	Receive payments: Run
Configuration	An offset account for discounts in Configure Accounts Receivable. If you use account labels, also create an account label that refers to the same offset account. At least one customer term that has a discount associated with it. At least one customer AR sales invoice for which the term includes a discount. The discount cannot already be applied.

Go to the Receive Payments page and enter the customer and payment information.
Select the AR sales invoices for the payment.
Select the Apply discount checkbox next to AR sales invoices that have discounts available.
If an invoice has any discount available, the amount appears in the Discount available column.
Select Post to post the payment and apply available discounts.

Apply a custom discount

Unlike term discounts, which are automatically calculated based on the term and payment date, you enter custom discounts on a per-payment basis, as you receive payment. However, you cannot apply a full discount for 100% of the invoice without receiving any amount of payment first.

Custom discounts provide you with the flexibility to handle situations where the discount taken by the customer does not match the calculated term discount. For example, the customer might have calculated incorrectly, or missed the grace period. At your discretion, you can override the term discount with a custom discount.

Custom discount is an optional feature that must be turned on in Configure Accounts Receivable.

Subscription	Accounts Receivable
Regional availability	United States
User type	Business
Permissions	Receive payments: Run
Configuration	Enable custom discount selected in Configure Accounts Receivable. An offset account for discounts in Configure Accounts Receivable. If you use account labels, also create an account label that refers to the same offset account.

Go to the Receive Payments page and enter the customer and payment information.
Select the AR sales invoices for the payment.
Enter the custom discount in Discount to apply, next to the AR sales invoice.
Refer to the Applied discounts column to see if any custom discounts were applied to the AR sales invoice previously.
Select Post to post the payment and apply available discounts.