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Payment terms for Vendors - Can Odoo automatically deduct an early payment discount if the Bill is paid early?
odoo 11 and 12, CE and EE
I have been testing terms and they do not seem to apply. For example, i have a terms set up as 5% 10th, it is active, description is Due by 10th, 5% discount. The terms are set as:
Due type Value Number of Days Options
Percent 95.000 10 Day(s) after the end of the invoice month (Net EOM)
Balance 0.000 30 Day(s) after the invoice date
from other systems I've worked in the past, the vendor invoice, when processing the payment, should automatically deduct 5% if paid on or before the 10th of the next month.
I have googled this and searched the forums but can't seem to locate any information regarding this subject in detail.
Thanks in advance for the help.
Have you seen:
Odoo won't automatically deduct. It will split the AP into two parts, allowing you to write-off the discount. You can also choose to configure the Payment Terms as NET30, then enter the discounted amount and choose the write-off account for the balance when registering the payment you plan to make / have made (as the case may be).