With CommonFloor Groups, Treasurers can easily apply discounts either for single invoices or for bulk invoices. Purpose is to waive off a certain amount of the invoice raised, if required, so that it no longer shows as a Receivable from that house.
Path: Money Manager > Income> Single/ Bulk Invoices

Note: Discounts can only applied for unpaid invoices.

Click on the discount button and you’ll get a pop up box. Enter the discount amount, discount date and the reason for discount. Discounts can only be accessed by level 3 (L3) and level 4 (L4) admins who are the property managers and treasurers.

Once discount is applied the system will consider the invoice as partially paid and you can filter the status of the invoice as discounted and view.

This discount will now show in your ‘house statement’ and also on the ‘transaction report’.

To access the ‘House Statement’ click on Money Manager then Income and you will find ‘House Statement’. Here you can look for the invoice for the month where the discount had been applied against your house number. (In our case it would be July 1st 2015 for house A,A0102). The Discount amount imposed will appear in the Credit of the house statement.

Note: The outstanding amount of that invoice and outstanding amount for the house will decrease with respect to the discount amount.

Money Manager> Income> House Statement

As mentioned above this discount would also show up on the Transaction report. Select the Ledger of ‘Discounts on Invoices’ and here the transaction of Discount is shown as a Debit (this is the other ledger impacted by the discount entry).

Once discounts are applied both SMS/email will be triggered to the resident of the house.

Money Manager>Report> Transaction Reports> Choose Ledger>Discount on Invoices (in this case)

Lastly, to delete enter into the particular house and click the ‘delete’ button. Access it from the ‘House Statement’ option and put in your house number.