You can set up and use two types of discounts: Discount TypeĪ discount amount that is given for lines on sales and purchase documents. Setting Up Prices and Discountsīefore you create price lists, you must define your pricing and discount strategies on the Sales & Receivables Setup and Purchase & Payables Setup pages. After you set up the items and services your company buys and sells, you can define what you pay or charge for them, and those amounts will be automatically added to sales and purchase documents. Price and discount strategies for the purchase and sale of items and services are fundamental tools for successful businesses. For more information, see Enabling Upcoming Features Ahead of Time. If you're an existing customer, whether you are using the new experience depends on whether your administrator has enabled the New sales pricing experience feature update on the Feature Management page. If you're a new customer using that version, you're using the new experience. In 2020 release wave 2, we released streamlined processes for setting up and managing prices and discounts.
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