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title: "Settlement Discount"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31101359/Settlement%20Discount"
format: markdown
---
Settlement discount is a mechanism whereby, for prompt or immediate payment, the customer is able to deduct an agreed percentage of the total invoice. Generally this approach requires particular attention as: Settlement discount percentages are defined in the  System Control File  and the flag is set at the customer account level. Settlement Discount can be controlled by customer flags: