Payments and banking · Guide 112 of 624

Discounts on payment

If a customer pays early and takes a discount, or a supplier gives you one, record it on the payment entry in RockifyERP.

How to do it in RockifyERP

Create the payment entry against the invoice.
Enter the amount actually received.
In the Deductions or Loss table, add the discount account and amount.
Save and Submit. The invoice is fully cleared.

Tip: Set up early-payment discounts in the payment terms so RockifyERP calculates them for you.

Need more help with RockifyERP?

Can’t find what you’re looking for? The RockifyERP support team can walk you through it. Contact RockifyERP support.