The Cash discount field represents the discount that will be applied during the vendor payment if it is paid before the due date; it has the flexibility to assign the next cash discount. In order to create the cash discount record, navigate to Accounts payable | Payment setup | Cash discounts, as shown in the following screenshot. The Setup fast tab identifies the discount percentage, number of months, and number of days. It is important to assign the main account for the vendor discount, in order to apply the discounted amount to a particular main account:
Assuming that an invoice has been posted on January 1, the cash discount ...
