Augusta
VIP Contributor
The suppliers don't mind supplying goods to loyal businesses that are credit worthy and they are sure they would be paid but some also give cash discount as an incentive to their customers.
You can enjoy this cash discount as a loyal customer but you must always keep to the terms and conditions of the discount. Cash discount is about paying less than the invoice price if you pay your money on the due date
So to enjoy the incentive of the cash discount you must make your payment on time which should be on or before the stated date on your invoice. So what can you do to enjoy this incentive to avoid missing it
Automate the process
You can set up a way or man's by which the money can automatically be paid to the seller on or before the time whether you are around or not. Some people use their banks. You can instruct them to make the payment on your behalf on a specific date
Set a reminder
You can go on the life grind and forget some very important things that would have helped you. So what you would do is to keep a thing that will keep reminding you of the payment till you pay.
You can enjoy this cash discount as a loyal customer but you must always keep to the terms and conditions of the discount. Cash discount is about paying less than the invoice price if you pay your money on the due date
So to enjoy the incentive of the cash discount you must make your payment on time which should be on or before the stated date on your invoice. So what can you do to enjoy this incentive to avoid missing it
Automate the process
You can set up a way or man's by which the money can automatically be paid to the seller on or before the time whether you are around or not. Some people use their banks. You can instruct them to make the payment on your behalf on a specific date
Set a reminder
You can go on the life grind and forget some very important things that would have helped you. So what you would do is to keep a thing that will keep reminding you of the payment till you pay.
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