Glossary entry (derived from question below)
Serbian term or phrase:
kasa skonto
English translation:
Cash Discount
Added to glossary by
Aleksandar Jankovic
Aug 8, 2012 11:48
11 yrs ago
8 viewers *
Serbian term
kasa skonto
Serbian to English
Bus/Financial
Accounting
Kontni okvir
prihodi od iskoriscenog kasa skonta
Proposed translations
(English)
5 +2 | Cash Discount | Daryo |
4 | discount for prompt (early) payment | Milena Taylor |
Proposed translations
+2
2 hrs
Selected
Cash Discount
Definition of 'Cash Discount'
An incentive that a seller offers to a buyer in return for paying a bill owed before the scheduled due date. The seller will usually reduce the amount owed by the buyer by a small percentage or a set dollar amount. If used properly, cash discounts improve the days-sales-outstanding aspect of a business's cash conversion cycle.
Investopedia explains 'Cash Discount'
For example, a typical cash discount would be if the seller offered a 2% discount on an invoice due in 30 days if the buyer were to pay within the first 10 days of receiving the invoice.
Providing a small cash discount would be beneficial for the seller as it would allow him to have access to the cash sooner. The sooner a seller receives the cash, the earlier he can put the money back into the business to buy more supplies and/or grow the company further.
[http://www.investopedia.com/terms/c/cash-discount.asp]
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Comment: "Hvala"
15 mins
discount for prompt (early) payment
KASA SKONTO - blagovremeno izmirenje obaveze kupca
http://www.ekonomija.ac.me/files/1290499498.pdf
As a vendor, you may or may not want to provide an early payment discount to your customer. It depends mainly on your cash flow and whether you can afford to do so. As a customer, it is usually advantageous for you to consider paying an invoice early if you receive a discount and if your budget and cash flow allow it. Either way, the calculation for finding the early payment discount is fairly simple and requires only basic math.
http://www.wikihow.com/Calculate-an-Early-Payment-Discount
http://www.ekonomija.ac.me/files/1290499498.pdf
As a vendor, you may or may not want to provide an early payment discount to your customer. It depends mainly on your cash flow and whether you can afford to do so. As a customer, it is usually advantageous for you to consider paying an invoice early if you receive a discount and if your budget and cash flow allow it. Either way, the calculation for finding the early payment discount is fairly simple and requires only basic math.
http://www.wikihow.com/Calculate-an-Early-Payment-Discount
Reference:
http://www.sgh.waw.pl/prywatne/jarchu/EFF_FSD/publikacje/English_for_Finance_SUPPLEMENT.pdf
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