💁Agenda of the Video▶️: To share easiest and simplest video in this topic. br 💁A discount offered to a customer for paying an invoice before the due date is called an early payment discount. br 📝It's also known as a Prompt Payment Discount or Cash Discount.👍 br Payment Discount Tolerances: br 🟩We can Set Up a "Payment Tolerance" to close an invoice when the payment doesn't fully cover the amount on the invoice. br ⬜For Example, Payment Tolerances are typically for small amounts that would cost more to correct than to just accept. br 🟩We can Set Up a "Payment Discount Tolerance" to Grant a Payment Discount after the *Payment Discount Date*. br 🟩Use "Payment Tolerances" so that every outstanding amount has a set maximum allowed Payment Tolerance. br 🟩If the Payment Tolerance is met, the Payment Amount is analyzed. br 🟩If the Payment Amount is an underpayment, the underpayment fully closes the outstanding amount. br 🟩A Detailed Ledger Entry is posted to the Payment Entry so that NO Remaining A is left on the Applied Invoice Entry. br 🟩If the Payment Amount is an Overpayment, then a new Detailed Ledger Entry is posted to the Payment Entry so that NO Remaining Amount is left on the Payment Entry. br 🟩We can Set Up Payment Discount Tolerances so that if you accept a Discount after the Payment Discount Date, it always posts to a "Payment Discount" or "Payment Tolerance" Account.