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<blockquote data-quote="exbdc" data-source="post: 80509" data-attributes="member: 1792"><p>Over the years I have found two problems with settlement discount.</p><p></p><p>1. Where do you draw the line if a customer pays a few days late but the cheque was posted before the cut off date? I have had numerous arguments over the years with this &amp; if you leave the settlement amount outstanding it never gets paid &amp; you end up issuing a debit note to cancel it.</p><p></p><p>2. It can play hell with VAT returns especially with the above scenarios.</p><p></p><p>Obvious solution is not to offer it &amp; put customers on stop when their accounts are overdue.</p></blockquote><p></p>
[QUOTE="exbdc, post: 80509, member: 1792"] Over the years I have found two problems with settlement discount. 1. Where do you draw the line if a customer pays a few days late but the cheque was posted before the cut off date? I have had numerous arguments over the years with this & if you leave the settlement amount outstanding it never gets paid & you end up issuing a debit note to cancel it. 2. It can play hell with VAT returns especially with the above scenarios. Obvious solution is not to offer it & put customers on stop when their accounts are overdue. [/QUOTE]
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