OVERVIEW

Bill.com does not currently support discounted payment terms. However, there are a couple of best practices in the Bill.com workflow which will allow you to take advantage of vendor discounts.

What does your workflow look like?

• If you enter bills and then pay them:
• When you enter the bill, record the bill amount for the net amount after the discount.
• Recognize the discount taken as a negative line item at the bill.
• If you enter the bill, and someone else pays it later:
• When you enter the bill, add a note alerting the payer about the discount terms.
• At the time of paying, the payer (who must have "Manage Bills" permissions, in this case, decides if the bill is eligible for the discount, and edits the bill accordingly.
• If you need to track discount amounts in a separate GL account:
• Edit the total amount.
• Add a line item posting to the appropriate account, and enter the discount as a negative amount.