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 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: 10/17/21