gnucash-user Digest, Vol 150, Issue 5

[Chris Good]

> Message: 2
> Date: Sat, 05 Sep 2015 07:58:46 -0400
> From: Mike or Penny Novack <mpnovack at mtdata.com>
> To: gnucash-user at gnucash.org
> Subject: Re: discount for early invoice payment
> Message-ID: <55EAD8F6.60306 at mtdata.com>
> Content-Type: text/plain; charset=ISO-8859-1; format=flowed
> 
> On 9/5/2015 5:25 AM, Chris Good wrote:
> > From: Geert Janssens [mailto:geert.gnucash at kobaltwit.be]
> >
> >
> > Some fields in the Billing Terms Editor have been included to allow
> > possible future functionality for Billing Terms to be used to
> > automatically calculate discount for early invoice payment, but this has
yet
> to be implemented.
> >
> >
> 
> We should note that some problems are more serious than other. This is an
> example of a serious problem because it is rather common business practice
> (the custom in certain sorts of businesses) for invoices to be sent on a
basis
> like "30 days net" (2% or whatever discount for immediate payment). In
> other words, the invoiced amount is not the amount immediately due but
> the amount due 30 days hence.
> 
> Michael D Novack

Hi Michael,

Thanks for confirming discount for early invoice payment is a common
business practice.

Regards,
Chris Good
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