Add or Change Early-Payment Terms Received From Supplier

There are two ways in Sage 50 Accounting to add or change early-payment terms you receive from a supplier:

ClosedAdd or change terms on a supplier's record
  1. Open the Options tab in the supplier record.
    ClosedHow?
    1. In the Home window, click Vendors & Purchases on the navigation pane.
    2. In the Tasks pane, right-click the Vendors icon and select Modify Vendor from the menu.
    3. Select a vendor from the list and click OK.
    4. Click the Options tab.
    1. In the Home window, click the Suppliers icon.
    2. Locate and double-click the supplier's name in the list to open their record.
    3. Click the Options tab.
  2. In the Early Payment Terms section, enter:
    • the discount rate
    • the number of days within which an invoice must be paid to receive the discount
    • the number of days within which the full amount of an invoice must be paid
  3. (Optional) If you want Sage 50 Accounting to calculate the discount without including the sales tax, select the Calculate Discounts Before Tax check box.
  4. Click Save and Close.
Closed Add or change terms when recording a supplier's bill
  1. Record a bill from a supplier
  2. Depending on the payment method you have selected, there are different ways to enter the payment terms or early-payment discount:
ClosedPay Later

In the Terms box, add or change the early-payment terms.

ClosedCash, Cheque, or Credit Card

In the Early Payment Discount box, enter a percent rate.

Published: June 19, 2017
© 2017 The Sage Group plc or its licensors. All rights reserved. Privacy Policy | Copyright/Trademarks