Configure Sales Discounts

Sales Discounts in GoldFinch allow businesses to configure and calculate discounts for customers, either as line discounts or invoice discounts. These discounts can be applied based on customer accounts, specific items, or item categories.

Setting Up Sales Discounts

Before applying sales discounts, ensure that the appropriate GL Account for discounts is defined in the Account Posting Setup on the Company Setup page. The Sales Discount amounts will be posted to the Account Sales Discount GL account when the sales invoice is posted.

Types of Sales Discounts

Sales Discounts can be configured in one of the following ways:

• Account, Item, and Unit of Measure (UOM) combination

• Account and Item Category combination

• Account, Item Category, and Item Category UOM combination

Discounts can be calculated based on:

• A percentage of the sales line amount

• A flat amount per unit of the item

Steps to Configure Sales Discounts

Open Sales Discounts:

• Open the App Launcher and search for Sales Discounts.

• Configure the Sales Discount:

  • Account: Specify the Customer Account that will receive the discount.

  • Item: If the discount applies to a specific item, enter the Item. Leave this blank if the discount applies to an Item Category or to all items.

  • Unit of Measure (UOM): Specify the UOM for the item. The UOM is required if an item is specified.

  • Item Category: If the discount applies to a group of items, define the Item Category. (Note: You cannot enter both Item and Item Category.)

  • Item Category UOM (Optional): Define the UOM for the Item Category if applicable.

  • Set Discount Method:

  • Discount By: Choose whether the discount is applied as a Percentage of the sales price or a Unit Amount.

  • Discount: Based on the Discount By field, enter the percentage or the flat unit amount discount.

  • Define the Discount Time Frame:

    • Starting Date: Enter the start date from which the discount is valid.

    • Ending Date: Enter the end date until which the discount is valid.

  • Minimum Quantity:

    • Minimum Quantity: Define the minimum quantity that must be purchased on the sales line to qualify for the discount.

Processing Line Discounts

When an item is entered on a Sales Order, and a matching line discount is applicable:

• The Discount Per, Discount By, and Discount fields will automatically populate on the Sales Order Line.

• You can manually adjust these fields if necessary.

By following these steps, GoldFinch allows you to effectively apply and manage customer discounts, ensuring that your pricing strategies are implemented accurately across all sales transactions.

Article Configure-Sales-Discounts  ·  Last updated September 30, 2025 · GoldFinch ERP Help Center