So, if the customer with the $1,000 invoice pays 10 days after the sale, he would discount the invoice by three percent. So instead of owing $1,000 he only owes $970 ($1,000 - 3 percent = $970).

AR usually comes in the form of unpaid invoices. As such, the customer has a contractual obligation to repay the invoice to the company that provides the goods or services.

Accounts receivable discounted takes outstanding invoices that represent money owed to a creditor (such as a firm) and seeks to sell those uncollected amounts to a buyer for less than face value ...

Invoice errors can cause mistrust and confusion between you and your customers. These errors occur much less often than they did in the past, because financial software designers are constantly ...