Rice Lake TransAct 5.0 - Installation & Operation Manual - Manual (Page 45)

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Ticket Is Invoice
If Yes, an invoice will automatically be generated for each ticket. Multiple item tickets
generate one invoice.
Net Due on Day
Enter either the number of days after the invoice date or the day of the month in which
the invoice will be due.
Discount if Paid Within
Enter the number of days past the invoice date beyond which you will not allow
customers to receive discounts.
Discount Rate
Enter the percent of the total invoice amount that you will allow to customers as a
discount. The discount is applied when payment is made within the number of days
specified in the Discount if Paid Within parameter.
Immediate Discount
Enter the percent discount to be applied immediately to a ticket. The price components
used to calculate material charge are discounted by this percentage when the ticket is
generated. For example, if a material is normally priced at $5.00 per ton then a 10%
immediate discount results in a new price of $4.50 per ton.