In Streamtime you can apply a discount to a Quote or Invoice by following the steps below.

Creating a discount item in your Cost Matrix

First of all you will need to create a new Cost Matrix item so that you have something to pull onto your Quote or Invoice.

Go to Setup > Cost Matrix and click the New Item button.

In the example above we have used the Category: Internal and Task/Material: Discount, but you can use whatever you feel is appropriate. Once you have created the item, click Save.

Do not apply any values to this item, keep the Cost and Pricing Tier columns empty.

Applying a discount to a Quote

Go to the Quoted tab and do a find for the Quote/Estimate you wish to apply the discount to.

Once you have created the Quote/Estimate go to your Category and Task/Material columns and pull through your newly created Cost Matrix item.

In the Details field you can type whatever you think is appropriate as this is the column the client will see on the Quote/Estimate.

Then go to the Qty/Hours column to create your discounted rate. As you are discounting you will need to put in a minus (-) symbol and the amount. 

In this example we're providing a 25% discount so the Qty column shows -0.25 To discount 10% it'd be -0.1, 20% -0.2, 30% -0.3 etc.

Now you need to look at the Quote Total (less tax) and place that figure in the Quote Rate column.

Your Quote will now have the discount applied to it.

If you'd like to discount a flat fee e.g. £100 then you can put a -1 in the Qty/Hours column and the amount you wish to discount, in this case £100 in the Quote Rate column.

Applying a discount to a Invoice

Go to the Invoicing tab and do a find for the Invoice you wish to apply the discount to.

Once you have created the Invoice go to your Category and Description columns and pull through your newly created Cost Matrix item.

In the Details field you can type whatever you think is appropriate as this is the column the client will see on the Invoice.

Then go to the Quantity column to create your discounted rate. As you are discounting you will need to put in a minus (-) symbol and the amount.

In this example we're providing a 10% discount so the Quantity column shows -0.10 For 20% it's 0.2, 25% 0.25 etc.

Now you need to look at the total of the Invoiced column and place that figure in the Invoice Rate column.

Your Invoice will now have the discount applied to it.

If you'd like to discount a flat fee e.g. £100 then you can put a -1 in the Qty/Hours column and the amount you wish to discount, in this case £100 in the Invoice Rate column.

Did this answer your question?