The difference between a trade discount and a settlement discount
This tutorial aims to explain the difference between a trade discount and a settlement discount, so that you understand how to record a discount when necessary, and so you are able to identify if the discount even needs to be recorded. Everybody likes to receive a discount, so if you are the one receiving the discount, or you are the one granting the discount to ensure repeat sales; it is necessary to know when it needs to be recorded, how to go about recording it, and which journal the transaction will be recorded in.
These subscription will auto renew. Emails will be sent to you 10 days before as a warning that its about to auto renew. If you wish to cancel the subscription, you can visit ‘Member Area – My Tickets and Subscription” where you can exercise the option to cancel.