How to set up a prompt payment discount

Prompt payment discounts encourage your customers to pay their account balance quickly. When you set up this feature, statement discounts (applied per customer) will expire on a specific day of the month if the balance is unpaid.

To apply a statement (percentage) discount to an individual customer account, see How to apply a percentage discount to a customer.

To set the expiration day for the prompt payment discount:

1. On the File menu, click Setup.
2. Click the Receivables tab.
3. Enter a calendar day for this setting: Disable Prompt Pay Discount After Day of Month.
   Example: If you set this date to 5, then the prompt payment discount will expire if the balance is not paid by the 5^th of the month (Examples: Jan 5, Feb 5, Mar 5, etc.).
   Note: If the calendar day is set to 0, customer account discounts will not expire.
4. Click Save, and then click Close.