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The OrderStream Financials system allows payable clerks to accept early payment discounts based on the terms code of the invoice. To complete this process;
| 1. | Create the payables batch as normal (discussed previously in this document). |
| 2. | If the term code on the vendor invoice had a discount rule specified, the form will display the discount percent and amount. |
| 3. | Users must indicate that they would like to take the discount by selecting the “Take Discount” option. |
| a. | Users can also force a discount to be applied to the invoice manually by entering the discount % that would like to apply and selecting the “Take Discount”. |
| i. | This option allows users to immediately take discounts negotiated from the vendor rather than applying for a discount at a later time. |
| 4. | The system will now recalculate the balance of the invoice to be paid. |
Continue on until all invoices are selected for payment and press the “Create Cheques” option to complete the process.
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