In normal circumstances, when you pay a Purchase Invoice, a settlement discount will be calculated automatically when you enter the Payment. This discount depends on the Payment Terms of the Invoice and the Payment Date. The 'New Cash Discount' function is provided for more individual circumstances.

If you have a Purchase Invoice for which you want to deduct a cash discount, start by entering the Purchase Invoice number in the left-hand column. Change the Sent Value to the amount less discount. Press Tab or Return (but make sure the cursor is in the same row) and then select 'New Cash Discount' from the Operations menu. A new row will be created, containing the phrase "Cash Disc" and the deducted amount, calculated by FirstOffice. You can change this figure as appropriate. When the Nominal Ledger Transaction is created, the Cash Discount Account specified on the 'Creditors' card of the Account Usage P/L setting will be credited.

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