Time-dependant discounts
Additionally, discounts may be conditional on payment within a certain period. ContactsLaw will display the forecasted debtor balance depending on whether the discount is still valid, however the discount is still in-effect on the general ledger until the user makes a decision about its validity; they can do this by receipting funds, composing a new bill or opening the existing bill and electing to reverse/reinstate the discount.
Discount codes
Discount codes are managed at the workgroup level. Each code represents a percentage or fixed discount which is applied to the file when redeemed. Discount codes can only be used once per client, and only within the correct workgroup and validity period. Selecting an invalid discount code will display more information about why it cannot be used.
Actions on discounts
Discounts can be reversed if the conditions they depend upon are not satisfied, or for any other reason. Reversing a discount posts an equal and opposing transaction between the Debtors and Discounts
controlled accounts which negates the discount and increases the debtor balance on the
file to its undiscounted value.
A reversed discount can be reinstated; a process which removes the reversal transaction, thus increasing the balance on Discounts and decreasing the amount owing in Debtors. Note that reinstating a time-dependant discount clears any decision previously made regarding its validity beyond the period.
Effect on performance statistics