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Management of Receivables
16y ago16y ago#1Hi Amarain,
I believe you will find the answer to your question contained within my reply to "LISA83" ,2 days ago. Have a look at her question and then my answer.
Th e SIMPLEST FORMULA THAT I PREFER TO USE IS:
Discount
100 - Discount 365
Reduction in Payment Days
I am having trouble with this text box to input the formula for you but In other words, it is the Discount divided by 100 minus the Discount ... all multiplied by 365 divided by the reduction in payment days.
Hope this + the other posting give you the clarity...... Peter
I believe you will find the answer to your question contained within my reply to "LISA83" ,2 days ago. Have a look at her question and then my answer.
Th e SIMPLEST FORMULA THAT I PREFER TO USE IS:
Discount
100 - Discount 365
Reduction in Payment Days
I am having trouble with this text box to input the formula for you but In other words, it is the Discount divided by 100 minus the Discount ... all multiplied by 365 divided by the reduction in payment days.
Hope this + the other posting give you the clarity...... Peter
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