During this time of COVID 19, when many companies are forced to telework, AccountEdge Hosted may be a good option. And it’s important to note that it doesn’t have to be a permanent solution. You can host your company file only as long as needed, then return to whatever environment makes sense for your business. If you’d like to discuss that or any other teleworking solution with a product specialist, please call 800.322.6962. Be safe.

  • Section: Purchases
  • Last updated: July 1, 2019, 5:29 p.m.

Early Vendor Payment Discount

The discount for early payment of a purchase is based on the original purchase amount of the PO.

  • A Purchase Order for $100.00 is entered with a date of 3/10/2013. Terms allow for a 2% discount if paid within 10 days (3/20/2013).
  • A $10.00 Debit memo is applied to the PO, leaving a $90.00 total due on the PO.
  • A vendor payment is made on 3/15/2013, which allows you to take the discount for early payment. AccountEdge will calculate the 2% discount as $2.00, based on the original $100.00 amount of the PO.