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  2. BPCS-L
  3. May 2004

Re: ACR500 cash discount

Leana Honebrink wrote:
> When the discounts appear in the ACR500 cash application, I am able
> to post checks quickly and efficiently.  When these discounts drop
> off, I am  having to hand calculate the cash discount and the net
> amount. I know that they are dropping off because they are past the
> discount date. This process takes up so much time. (Our due date
> means that their payment must be postmarked by that day.)  Does
> anyone else experience this? Have you found a creative way to work
> around it?

Leana,

One thing about Terms Codes is that they -can- say one thing but be defined
totally differently.  What you can do is create a code that says "2% 10 -
Net 30" yet define it as 15 day discount net 30 terms.

Bill

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