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11:48 Aug 8, 2012 |
Serbian to English translations [PRO] Bus/Financial - Accounting / Kontni okvir | |||||||
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| Selected response from: Daryo United Kingdom Local time: 03:18 | ||||||
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5 +2 | Cash Discount |
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4 | discount for prompt (early) payment |
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discount for prompt (early) payment Explanation: KASA SKONTO - blagovremeno izmirenje obaveze kupca http://www.ekonomija.ac.me/files/1290499498.pdf As a vendor, you may or may not want to provide an early payment discount to your customer. It depends mainly on your cash flow and whether you can afford to do so. As a customer, it is usually advantageous for you to consider paying an invoice early if you receive a discount and if your budget and cash flow allow it. Either way, the calculation for finding the early payment discount is fairly simple and requires only basic math. http://www.wikihow.com/Calculate-an-Early-Payment-Discount Reference: http://www.sgh.waw.pl/prywatne/jarchu/EFF_FSD/publikacje/Eng... |
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Cash Discount Explanation: Definition of 'Cash Discount' An incentive that a seller offers to a buyer in return for paying a bill owed before the scheduled due date. The seller will usually reduce the amount owed by the buyer by a small percentage or a set dollar amount. If used properly, cash discounts improve the days-sales-outstanding aspect of a business's cash conversion cycle. Investopedia explains 'Cash Discount' For example, a typical cash discount would be if the seller offered a 2% discount on an invoice due in 30 days if the buyer were to pay within the first 10 days of receiving the invoice. Providing a small cash discount would be beneficial for the seller as it would allow him to have access to the cash sooner. The sooner a seller receives the cash, the earlier he can put the money back into the business to buy more supplies and/or grow the company further. [http://www.investopedia.com/terms/c/cash-discount.asp] |
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