A cash discount representing a reduction in the amount to be paid by a credit customer if the customer pays within a specified period of time is also referred to as a sales discount.
What is sales discount?
A sales discount is a lower price that a company offers on a good or service. Find out how to add discounts to invoices. A sales discount, usually referred to simply as a discount, offers clients of a business a lower price on one or more of the goods or services being provided. Businesses utilise concessions and discounts to entice clients to make a purchase or settle an unpaid balance sooner. Discounts are the term for incentives used to encourage sales, whereas allowances are the term for incentives used to encourage payments.
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