Early Pay Discounts | Windward Accounts Receivable Features

You can setup the invoices and/or statements to give an incentive for customers to pay early. You can specify the percentage discount if paid by a certain time measured either in days from the invoice creation or a day of the month in the next month. Example would be a 2 percent discount if paid by the 10th of next month.

When the payments are entered into the system, you can enter the amount actually paid by the customer and if they took the discount, the system can alter the invoice amount and post the difference to the discount ledger, allowing you to track the amount of discounts given over the year.