3.4. Enter & Post Settlement Discount Transactions

When a Settlement Discount is agreed upon after the supplier invoice has been sent, or the settlement discount terms are modified down the line, ensure that your business and accounting data remains 100% accurate and up-to-date with our smart Accounts Payable Enter and Post capabilities

Once your desired Enter and Post Batch has been selected/created, you can begin entering transactions

Settlement Discounts and Aged Dates can be assigned to their corresponding Invoice Documents with a few clicks of a button

Transactions will appear as follows on your Win Acc Accounting Reports:

Settlement Discount = S

Invoices = I

Credit Notes = C

Payments = P

Enter and Post Settlement Discount:

	Select Settlement Discount and Insert Enter a Settlement Discount by selecting the Settlement Discount Transaction type Once Settlement Discount is selected, click Insert to enter Settlement Details
	Settlement Discount Entry Begin by entering or selecting the desired Creditor and Transaction Date Once a Creditor is selected, easily enter the corresponding Invoice Number that you wish to add the Settlement Discount transaction to - or use the magnifying glass Easy Lookup button to view a list of all relevant Vendors Enter the Aged Date of the discount transaction and add a Reference Description Finish by inserting the Settlement Amount (which Includes the VAT Amount) and add any additional VAT amounts (which will reduce your VAT Analysis Report)
	Selecting Relevant Document Once a Creditor is selected, use the magnifying glass Easy Lookup button to view a list of all relevant Invoice Documents Review the Document Type, Date and Number - Double Click the corresponding document or highlight it and click "Select" Once the settlement discount transaction details have been added, click "Ok" to add it to the selected Batch and proceed with additional transactions