For those who want to offer their clients an incentive to pay invoices promptly, zistemo introduced the ‘Cash discount’ option. This “early payment discount’” is used to improve the cash flow. For instance, you can allow a special discount of 5% if your client will pay the invoice within 3 days of receiving your invoice. With zistemo you can set it up easily, within seconds, by either choosing cash discounts as a default option straight from “Client details” or you can handle them individually while creating invoices.

You define your own terms, such as:
– “Cash discount percentage”– the percentage of the invoice’s total amount;
– A number of days they have to make the payment, for the discount to be applicable.

Set Up Cash Discount

To set up a cash discount, just pick among the following two options:

• Setup a cash discount for a specific client from “Client details’”➝ “Client default settings”.

Every time you will invoice this client, this discount will be activated automatically.

• Offer individual cash discounts directly on the invoice. If you change your mind and wish to deactivate cash discounts at some point, for a certain invoice, just untick the “Granted cash discount” box.

If you don’t set it in your “Client details”, you’ll have to activate the cash discount on the invoice when you create it. That’s it.

What happens when your clients use a cash discount?

When the payment is made, you will see a new payment entry in your zistemo payments list. It will be the invoice amount minus the cash discount amount.

At the same time, zistemo will automatically create a new expense named “Granted Cash Discount” with the cash discount amount.

Fixed discount

Fixed discounts can be applied by entering a new item with a negative amount to the invoice body:

Percentage discount per item

You can apply a discount for one/several items or apply different discounts for diverse items – just enter % discount to the dedicated field:

Note: You can enter here even a 100% discount.

Please make sure either on preferences “show line discount in totals” is active or the invoice’s template has the discount row active:

Total percentage discount

Another alternative is one discount for total invoice/estimate amount – just enter % discount to the ‘Apply discount’ field in the ‘Totals‘ block, as you can see below:

Default Discount for tasks and items

When creating a task or an item you can enter a default discount.

If you’ll add that task or item to an estimate/invoice, there will be already a discount applied – the default discount:

Please note that the default discount will only apply if you create a manual invoices. For invoices created from a project default discount doesn’t apply.

Show discount as value

Every discount is shown as percentage by default. To show discount as value you have to options either “show line discount in totals” or using on the item table setting the discount column. We explain both options in the following.

Show line discount in totals

To show line discounts in totals go to settings/preferences/invoices and estimates:

You can customize how to the discount should be shown. Use %VALUE to show the discount amount as value, use %PERCENTAGE to show the discount in percentage. You can use both placeholder and of course write own text into the text field. Please note, the text will be the same for all invoices and estimates you create. For the example we using above, it will be shown on the invoice like this:

Discount column on the item table

Please make sure the discount column is active in the invoice’s item table. Go to Settings/Stationary Templates and select the select the template. Then click on the item table and activate the discount column:

On the column setting you can activate to show discount as value and to show discount and percentage and as value. If you don’t activate any discount is shown as percentage.

This settings will look like this on the invoice

And Print discount in percent and value will look like this

Show total discount as value

If you apply discount to the total without taxes, you can easily switch between percentage and currency value.