Glossary
Early payment discount
An early payment discount is a small reduction you give a customer who pays before the due date, so you get your money sooner.
What it means for a shop owner
Write the condition on the bill, such as "2 percent if paid within 10 days". Work out if it is worth it, because having money 20 days earlier may be worth more than the discount. A supplier may offer it to you too.
A worked example
A bill of 1,000 with 2 percent off within 10 days. The customer pays 980 and saves 20.
Related
Try it in your shop, free, no card.
The free plan: the whole shop for one branch, an offline cashier with stock, debts and accounting, with a daily limit on invoices, expenses and purchase orders. What it includes