A sure fire way to incentivize your customer to pay you early is by giving them a special nudge through the form of a small discount. This tiny incentive can go a long way in making sure that your invoice sits atop the pile of papers every time.
You can decide to apply discounts for early payments to all of your customers or only to a select few. This article will show you how to set up discounts on your invoices for both options.
Option 1: Apply a discount for all of your customers
Step 1: From the menu, go to "Groups" and select the group "All"
Step 2: In the group, scroll down and toggle on the Rebate in "Payment terms"
Step 3: Update the rebate % and the condition ("if paid within [...] days") you wish to apply
Save and you're good to go! All of your customers can now benefit from the discount if they pay you early!
Option 2: Apply a discount to specific customers only
In order to apply a discount to a select set of customers, these customers have to grouped together in one group first. You might need to start by creating a new group for them. Once done, you can follow the simple steps below.
Now sure how to create groups and add customers to them? Check out our handy and articles on How to create a new group and How to add customers to a group
Step 1: From the menu, go to "Groups" and select the group you wish to apply the discount to
Step 2: In your selected group, scroll down, checkmark the "Payment Terms" box to toggle on the Rebate
Step 3: Update the rebate % and the condition ("if paid within [...] days") you wish to apply
Don't forget to save! Your select group of customers can now benefit from the discount if they pay you early!
Watch out! Your groups are sorted by priority in PivoHub. If a customer is part of two or more different groups, the parameters of the group showing up highest in the list will automatically apply.
Click here to learn more about group priorities and how to change them.