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 the How to set up percentage discount for a customer section in the Customer accounts KBA.

To set the expiration day for a prompt payment discount:

  1. In Paladin, from the main menu, select File > Setup.
  2. Select the Receivables tab.
  3. In the Statements pane, 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.

  1. Click Save, then click Close.

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

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Printed on: 3/28/24