Skip to Content

Can early pay discounts be recorded at time of sales invoicing

If a customer is invoiced on terms of 2% 10 days, Net 30 can the 2% be discount be posted upon invoicing? Desired resutls:

revenue = $100 credit

discounts = $2 debit

accounts receivable = $98 debit

Currently revenue and AR = $100 and discount is realized when customer pays.

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

1 Answer

  • Best Answer
    Posted on Aug 19, 2011 at 08:21 PM

    Hi,

    Yes it is always possible to do so. Many companies invoices their corporate customers on Net rate. Hence you can invoice your customer on such a rate which should be net of discount. I mean to say discount should be given in your case on the face of invoice. Ask your SD guy to do the job for you.

    Regards

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.