Victor Feyens
69 lines
2.5 KiB
ReStructuredText
69 lines
2.5 KiB
ReStructuredText
====================
|
|
Offer cash discounts
|
|
====================
|
|
|
|
Cash discounts are incentives you can offer to customers to motivate
|
|
them to pay within a specific time frame. For instance, you offer a 2%
|
|
discount if the customer pays you within the first 5 days of the
|
|
invoice, when it is due in 30 days. This approach can greatly improve
|
|
your average collection period.
|
|
|
|
Set up a cash discount
|
|
======================
|
|
|
|
To set up a cash discount, go to :menuselection:`Accounting -->
|
|
Configuration --> Management --> Payment Terms` and click on
|
|
*Create*. Add a *Percent* type of term with a corresponding value
|
|
(e.g. 98% of the total price for a 2% discount) and the number of days
|
|
during which the offer is valid. You can also change the default balance
|
|
term if needed.
|
|
|
|
.. image:: cash_discounts/cash_discounts01.png
|
|
:align: center
|
|
|
|
Start offering the cash discount
|
|
================================
|
|
|
|
Now, you can create a customer invoice and select the cash discount
|
|
payment term you added. Once the invoice is validated, Odoo will
|
|
automatically split the account receivables part of the journal entry
|
|
into two installments having different due dates. Since the discounted
|
|
price is already calculated, your payment controls will be simplified.
|
|
|
|
.. image:: cash_discounts/cash_discounts02.png
|
|
:align: center
|
|
|
|
Grant the cash discount
|
|
=======================
|
|
|
|
The customer fulfilled the payment terms and therefore benefits from the
|
|
cash discount. When you process the bank statement, match the payment
|
|
with the related journal entry. Then, select the remaining cash discount
|
|
and click on *Create Write-off* to reconcile it.
|
|
|
|
.. image:: cash_discounts/cash_discounts03.png
|
|
:align: center
|
|
|
|
.. tip::
|
|
You can also create a dedicated reconciliation model to make
|
|
the process easier. In this case, you should add a tax to the model
|
|
based on the taxes applied to your invoices. This means that if you
|
|
handle multiple tax rates, you need to create several reconciliation
|
|
models. Note that depending on your localisation, you might already have
|
|
a Cash Discount model available by default.
|
|
|
|
Register the full payment
|
|
=========================
|
|
|
|
In this case, the customer has not fulfilled the payment term and cannot
|
|
benefit from the cash discount. When you process the bank statement,
|
|
match the payment with the two related journal entries.
|
|
|
|
.. image:: cash_discounts/cash_discounts04.png
|
|
:align: center
|
|
|
|
|
|
.. seealso::
|
|
* :doc:`../../receivables/customer_invoices/payment_terms`
|
|
* :doc:`../../bank/reconciliation/reconciliation_models`
|