Improve Your Operations with Our Cargo Receipt Sample for Businesses

Cargo receipt sample for businesses

in business cash discounts are offered to encourage prompt payments receipt of goods dating is one of the methods used for cash discounts it is typically written like this this is read as 3 15 Rog the first number is a percent discount in this case three percent the second number is a date range for the discount so in this case 15 days and Rog means receipt of goods and what this is saying is that a three percent cash discount may be taken if payment is made within 15 days from the date the goods were actually received as an example let's say that some merchandise is ordered on February 22nd with the terms 3 15 Rog the orders for one thousand dollars and the goods are received on March 18th the discount date will be 15 days from the date the goods were received March 18th there are 31 days in March 31 minus 18 equals 13. to get to 15 days we need to go two days into the next month of April so 4 or two April 2nd is the discount date and the discount will be three percent of one thousand dollars thirty dollars so nine hundred and seventy dollars will be due on April 2nd for the discount and one note when no net payment date is given it's common practice to allow 20 days after the last discount date so in this example one thousand dollars the full invoice amount would be due April 22nd all right my friends hopefully you got something out of this video I do have more videos right there for you till next time I am out of here