This feature allows you to offer a percentage-based discount for invoices paid before a set number of days prior to the invoice due date. 

Enable Early Pay Discounts 

Pre Condition: 

Early Pay Discounts must be enabled via Menu > Settings > General Settings prior to being added as a Payment Term. 

Steps: 

1. Navigate to Menu > Setup > General Settings. 
2. Toggle Early Pay Discounts ON in the Invoice Settings section. 
3. Save when finished. 

Add Early Pay Discount

Steps:

1. Navigate to Menu > Setup > Billing > Payment Terms. 
2. Click Add or Edit. 
   
   
3. Populate the fields.
4. Toggle Early Pay Discount ON. 
   • Discount Term - The number of days before the Invoice is due in order to be counted as an early pay discount.
   • Enter the maximum number of days prior to the Invoice Due Date where a percentage-based discount is eligible to be applied. 
   • Discount Amount - enter the % discount offered when invoices are paid in this early time frame.
   • Invoice Display Name - required field that can be referenced in Invoice PDF and HTML templates.
   • Select the Default Credit Account and Default Product to be used for the Credit that is auto-generated when an early payment has been applied to an eligible invoice. Both the Product and GL Account selected will auto-populate in the single Credit Line that will be issued when an Early Pay Discount has been applied.
5. Save when finished. 

Use Early Pay Discount

When an Invoice is generated with an Early Pay Discount, the Early Pay Discount amount and Discounted Total amount (Total Invoice amount less Early Pay Discount amount).

Prior to the expiration of an Early Pay Discount, you can modify or remove the early pay discount in the Invoice page by editing the Invoice to adjust the percentage of the Early Pay Discount.