Vendor discount

Monique Carter
Monique Carter
Second Anniversary Name Dropper Facilitator 1
in Blackbaud Financial Edge NXT® General Discussions

Hi, does anyone know how to set up and utilize vendor discounts

Comments

  • Kevin Brazell
    Kevin Brazell Blackbaud Employee
    Tenth Anniversary Kudos 5 First Reply Name Dropper

    @Monique Carter
    the discounts are a part of the payment terms you can setup in AP. In database view ( if it's still there in your database), it would be configuartion >Payment terms. IF it's been moved to webview, then it would be Payables>Settings. Then you'll see Payment terms listed under it's configuration setting. When you set up the payment term there is a field you can define the discount the vendor is offering for paying within a certain time frame. THis kb shows the database view steps :

  • Debbie Podjaski
    Debbie Podjaski
    Name Dropper Facilitator 1 2024 Season of Giving September 2024 Monthly Challenge

    I would also like to know how to utilize this option. I have set the payment terms up in vendor settings but when making the payment it does not appear to be allocating the discount to a G/L account. How would the payment side of the discount be set up?

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