Vendor Credits and Discounts

Intelligent Payment Automation supports vendor credits and discounts applied to vendor payments, as follows:

• Paying a Single Vendor Through BILL

• Creating a Payment Run

When there is a vendor credit applied to a vendor payment, it shows as a separate line item. The vendor credit ID received from BILL is used when applying vendor credits to bill payments.

If the vendor credit is fully applied to a payment and the total payment amount is zero, the payment is recorded only in NetSuite. The vendor credit transaction and the bills where this credit is applied won't appear in the payment remittance sent to vendors.

Discounts can either be in the form of discounts available based on the terms of the purchase order or any additional discounts given by the vendor.

Any discounts applied to your payments are only captured in NetSuite and won't appear in the payment remittance sent to vendors. See Payment Remittance.

General Notices