Discounts (Fees)

Listed below is an introduction to discounts and the five methods available for posting discounts:

Introduction to discounts

1. Using a discounted VAT rate to reduce VAT amount for early payment

2. Posting an invoice with discount already applied.

3. Accounting for discounts by sending less than the total invoice value to the time ledger to affect recovery figures.

4. Ad hoc discounts given after the invoice has been posted using credit notes.

5. Discounts applied through posting receipts