The information in this article exclusively relates to a feature available in the Basic / Pro / Complete subscription plans where the Payment Discounts module is activated for administrations.
Advice: Only use this functionality if you pay invoices from within Zenvoices or if your accounting software does not support processing invoices with payment discounts. This prevents the payment discount from being applied both in Zenvoices and in your accounting software.
Enable module
Activate the additional Payment Discounts module via Manage / Environment / Administrations and click ‘Edit’ for the relevant administration. Under the tab ‘Additional modules’ the Payment Discounts module can be activated.
In the next screen, enter the general ledger account + (possibly) cost centre* and cost unit* you want to use for processing payment discounts, including a booking line description. You can use variables here, for example ‘{relation name} payment discount’.
If you use the Purchase to pay module, also enter a default article type and code (King and Exact Online only).
Go to the tab ‘Journals’ and select the journal where you want to use payment discounts. Then go to the tab ‘Booking proposals’ and enter a preferred VAT code of 0% (in the Netherlands, payment discounts are generally not subject to VAT).
In the relation master data, under the tab ‘Settings’, the discount percentage, discount calculation method and VAT calculation method can be configured. By default, this setting is ‘exclusive of VAT’.
*If supported by the accounting software.
Based on a default discount percentage set in the creditor’s master data in Zenvoices or based on manual input, the payment discount can be applied automatically. In the booking screen, the button ‘% Apply payment discount’ has been added. Zenvoices will automatically add an extra booking line to the configured general ledger account or article for newly processed documents.
Payment discount settings can be configured at relation level and via a template. It is configurable how the discount and VAT are calculated. This supports multiple scenarios (in the Netherlands the standard is discount calculated on the amount excluding VAT and VAT calculated excluding the discount, but in other countries this may work differently).
Points of attention
Payment discounts are only automatically applied to debit invoices. For credit invoices, the payment discount is not applied.
If you use the Purchase to pay module, payment discounts on purchase invoices are only applied to fully matched purchase invoices.
If payment discounts are used in templates, the total amount of the booking is determined by the template.
Tip
When using Purchase to pay, use the purchase invoice validation rules to automatically mark the added booking line for the payment discount as correct, for example by using an appropriate condition.
