Prompt payment discounts encourage your customers to pay their account balance quickly.

To apply a prompt payment discount, you must apply the discount to each individual customer account. Discounts can be applied in two ways:

  • Trade discounts: These discounts use the pricing plan feature and are assigned to a customer account in the Customers module using the Adjust Pricing Plans [F7] feature on the bottom ribbon. To learn more, see How to set up and apply a trade discount.
  • Percentage discounts: This type of discount applies an overall percentage discount to an individual customer account. To learn more, see How to apply a percentage discount to a customer.

To set up a “prompt payment” program, you must 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 5th 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.

 

 

If you have questions or suggestions about this information, contact support@paladinpos.com.

*Content is subject to change. For the most recent version, visit the Help Portal.
Printed on: 7/29/21