Transaction Basics
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      Adding discounts to transactions

      Introduction

      There are several business models that benefit from giving or receiving incentives for purchasing goods or services. Offering your clients (or maybe your vendors offering you) price discounts is one way to accomplish this. In Paragon, you can assign discounts to various transactions - either for specific line items or across the entire transaction. Header discounts refer to the whole transaction, while transaction line discounts refer to the line item itself.

      Adding discounts as attributes

      First, you're going to want to create an attribute for any discounts you want to use throughout Paragon. These attributes can represent either a monetary value (as a money type attribute) or a percentage (as a number type attribute).

      Once the discount attributes are available, you can make them available in various transactions using screen setup. 

      Add discounts to a transaction header

      Here, we'll take an order as an example. Once you've finished adding your line items to your transaction, you can add a header discount.

      In edit mode, click on the discount field at the bottom right-hand corner of the screen.

       

      A modal will pop up and you'll be prompted to add a header discount. Any discounts that were set up as default discounts will automatically show. Click the add button, and select other available discounts that you might want to apply to the transaction.

      The discounts in this example are called promotion and volume discount %:

      - promotion discount deducts a dollar value from the transaction
      - volume discount % deducts a value based on a percentage of the transaction
       

      Any discount with a '%' sign in the name will calculate and deduct a percentage from the subtotal.

       
       
       
      Once you have entered the value(s), click the accept button. Prior to clicking the accept button, you can click on the cancel button and abort any discounts you may have applied.
       
      Once you click the accept button, the total discount will be applied to the transaction and can be seen in the discount field.
      If you cancel the transactions instead of saving at this point, the discounts will not be applied.
      You can always change discounts while in edit mode by clicking the discounts field again. The same discount modal will appear as before and you can add or remove discounts or change the values that were already entered.  While in inquiry mode, you can see all header discounts by clicking on the same discounts field.
       

      Calculate compounded discounts

      When multiple percentage discounts are added to a transaction, there are two ways that Paragon can calculate those discounts. The standard calculation entails using the initial subtotal of your transaction to calculate each individual discount - regardless of the number of discounts being applied. Paragon can also use the compound method where the initial subtotal of the transaction is used to determine the amount of the first discount and then uses the new (discounted) subtotal to calculate the next discount and so on.
      To use the compound method, check the compound percentage discounts setting in the financials tab in the My Company module. (You can get there from the settings page):
       
       
      Example of compound discount calculation:
      Subtotal is  $396.00 
      After applying the first 5% discount, the subtotal is  $376.20 
      After applying the second 5% discount, the subtotal is $357.39 
       
       
      Without compound discounts, the subtotal would be $356.40 
       

      Add discounts to a transaction line

      Here, we will show you how to add discounts to individual transaction lines. Once again, we will use the order as an example. Once you've finished adding your line items to your transaction, you can add a line discount.

      In edit mode, right-click on the item line and click the edit line discounts button.

      A modal will pop up. You will note that the screen heading indicates that this is specifically for line discounts. You will be prompted to add a predefined line discount or click the add button and select the discount you'd like to apply to the transaction line. 

      The discount in this example is called discount % and deducts a value based on a percentage of the transaction line. We have added this discount to the first line of the order.

      Once you have entered the value, click the accept button.

      Once you click the accept button, the total discount will be applied to the transaction line.

      You can always change line discounts while in edit mode by right-clicking the item line and selecting edit line discounts. The same line discount modal will appear as before and you can add or remove discounts or change the values that were already entered.

      You can also see all line discounts by right-clicking on the item line and clicking view line discounts.

      What's next?

      Now you've got the basics for transaction discounts covered. Take a look at some of Paragon's other transaction features.