Creating a discount

This article explains how to apply a discount to an invoice with Payment Bear.
Incentives

Applying a discount to an invoice can be a great way to attract further business or used as a powerful financial incentive for an invoice to be paid faster.

When invoicing generally, two types of discounts are commonly applied; Trade Discounts and Cash Discounts. Trade Discounts, often referred to as ‘fixed discounts’, are deductions to the invoice total that apply continually. Cash Discounts, often referred to as ‘fast payment discounts’,expire after a set amount of time, incentivising quick repayments. Both discount types can be applied as a fixed value or a percentage of the invoice amount.

You can apply invoice discounts from the Details page when creating an invoice. Here you will see if you have any discounts actively applied and the total value of the discounts. To access the discounts page, simply press the discount button.

You may also wish to apply discounts to items on an invoice– you can easily do this with Payment Bear whilst adding items to an invoice.

Applying a Trade Discount (aka a fixed discount)

To apply a Trade Discount for the first time, use the following steps:

1.    Click the toggle to activate a Trade Discount;

2.    Select the type of discount (fixed or percentage);

3.    Enter the amount you would like to discount the invoice by; finally,

4.    Press the confirm button to save your changes.

Applying a Cash Discount (aka a fast payment discount)

To apply a Cash Discount for the first time, use the following steps:

1.    Click the toggle to activate a Cash Discount;

2.    Select the type of discount (fixed or percentage);

3.    Enter the amount you would like to discount the invoice by;

4.    Enter the number of days you would like discount to apply for; finally,

5.    Press the confirm button to save your changes.

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