Discount

Baseline netFORUM allows for discounting of products. Two methods may be used to give a discount: the price may be modified at the time of sale, or a discount product may be applied by the customer or automatically.

Organizations may create a Discount Program which is similar to a coupon book. Linked individuals to the organization may redeem credits from the program. Discount programs may be set up by use or by hours.

Usage

When using Centralized Order Entry, you can edit the price of a product at the time of sale (if the AllowPriceOverride system option allows). When this is done, the credit to revenue/deferred revenue is reduced to the sale price.

Discount products debit a GL account (typically an expense account) and credit A/R for the discount amount. The sale is handled as usual; revenue/deferred revenue is credited for the entire (undiscounted) amount.

Discount products may be a percentage or a flat fee. Additionally, they may be set up so that they are applicable only to specific products or product types. Start and end dates may be established for each discount as well.

For complete set-up information, view the topic on Discount Products.