Good day,
Does Dolibarr cater for discount on payment terms and rebates ?
Example: 1% 45, net 60
The payment term “1% 45, net 60” is a payment arrangement commonly used in business transactions between buyers and sellers.
Here is what each part of the payment term means:
- “1%”: This refers to a discount that the buyer can receive if they pay their invoice within a specific timeframe. In this case, the discount is 1% of the total invoice amount.
- “45”: This is the number of days within which the buyer must pay their invoice to qualify for the discount. In this case, the buyer has 45 days from the invoice date to make payment and receive the 1% discount.
- “Net 60”: This refers to the payment due date if the buyer does not take the discount. In this case, the buyer must pay the full invoice amount within 60 days of the invoice date.
So, in summary, “1% 45, net 60” means that the buyer can receive a 1% discount if they pay the invoice within 45 days, but if they do not take the discount, they must pay the full invoice amount within 60 days.
