Earn more Early Payment Discounts and Improve the bottom Line. Without a doubt that’s what will happen if you Earn more Early Payment Discounts. Improve the bottom Line is a goal for every organization. #Earlypaymentdiscounts are the best investment alternative for almost any organization. That’s why there is such an emphasis on it. #Accounts payable and #accounting professionals know the value of these early pay discounts.

The goal in accounts payable of improving profitability if often difficult to approach. This is one way to do it. Add to the bottom line by earning more discounts. Certain industries offer an early payment discount and if you are dealing with such an industry, you should be sure to ask for them. Early payment discounts should be negotiated as part of the standard payment terms, if possible, although often it is not. A standard early payment discount is rarely given.

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In many organizations, early payment discounts are the holy grail and as one accounts payable professional explained, the only mortal sin in our accounts payable department is missing an early payment discount. For procurement, finding more early payment discounts is also a goal as they are the best financial alternative any organization is likely to encounter.

This is Episode 118 of the AP Now Podcast

Host: Mary Schaeffer (https://www.ap-now.com/)

Credit: Music: https://www.purple-planet.com