What is an early payment discount

Reference no: EM133662556

Question: Early Payment Discount - to apply an early payment discount to a vendor: 1. What is an Early Payment Discount? 2. Why would you create a special term? (example: 2/10 net 30) - 3. What report can you run to see if there are any bills with discounts? 4. What transaction do you create in QBO to take advantage of the discount and reduce the amount you pay? 5. What is the journal entry if you have a $100 bill where you take a 2% discount? 1. When you create the vendor credit?

Reference no: EM133662556

Questions Cloud

What is the total amount of the purchase including tax : The general sales tax rate is 7%, but the sales tax on food items is 4 1/8%. What is the total amount of the purchase including tax

Develop a ppt that you would use to train the group : Make an outline of action steps and dates for your training plan. Develop a PowerPoint presentation (6-8 slides) that you would use to train the group.

Discuss his special financial needs : Discuss his special financial needs Discuss risk issues of selected type of loan and client tolerance

What the authors write about the studys key implications : What the authors write about the study's key implications. Evaluate how evidence from the research could help improve health knowledge or practice.

What is an early payment discount : What is the journal entry if you have a $100 bill where you take a 2% discount? 1. When you create the vendor credit

What type of payment a pace program receives : Write an essay related to what type of payment a PACE Program receives, what you believe the benefits are of this program.

What amount should it report as the cumulative effect : If Vaughn's tax rate is 30%, what amount should it report as the cumulative effect of changing the estimated bad debt rate

Compose a record retention policy for the hospital : compose a record retention policy for the hospital. What should be his first consideration in determining how long paper and electronic records must be retained

What are some areas you need to work on with communication : How do you think you come across when communicating with other people? What are some areas you may need to work on with communication?

User Account

All Pages