E-commerce
Supplier Early Payment Discount
Capturing a 2% discount from a supplier for paying within 10 days instead of 30.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Payable (Supplier) | Liability (-) | 5,000.00 | - |
| Cash / Bank | Asset (-) | - | 4,900.00 |
| Merchandise Inventory (Reduction) | Asset (-) | - | 100.00 |
💡 Accountant's Note
Early payment discounts reduce the effective cost of inventory. The saving is credited back to inventory (perpetual system) as the goods cost less than originally recorded.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.