Commercial Discount and Financial Discount: what's the difference?
Posted: Thu Dec 05, 2024 10:43 am
Commercial Discount and Financial Discount: what's the difference?
Trade Discount vs Financial Discount
The commercial discount is applied individually to each item or service invoiced . It affects the price of each item directly and is calculated based on a percentage value entered in the document. Taxes or withholdings may be applied subsequently, if applicable. This type of discount may be superimposed on the financial discount.
The financial discount is a percentage value that applies to the total line phone number data of the document issued and not just to each item sold or service provided. This type of discount may or may not be subject to VAT regularization at the supplier's option ( art. 78 of the CIVA ).
You can define a percentage discount to be applied to the total amount, a cash amount, or both . If you choose both types of discount, Vendus will apply the percentage discount first, followed by the currency discount. You can also use discount vouchers (cumulative to the overall discount). Learn how to issue discount vouchers that customers can apply to their next purchase.
Trade Discount vs Financial Discount
The commercial discount is applied individually to each item or service invoiced . It affects the price of each item directly and is calculated based on a percentage value entered in the document. Taxes or withholdings may be applied subsequently, if applicable. This type of discount may be superimposed on the financial discount.
The financial discount is a percentage value that applies to the total line phone number data of the document issued and not just to each item sold or service provided. This type of discount may or may not be subject to VAT regularization at the supplier's option ( art. 78 of the CIVA ).
You can define a percentage discount to be applied to the total amount, a cash amount, or both . If you choose both types of discount, Vendus will apply the percentage discount first, followed by the currency discount. You can also use discount vouchers (cumulative to the overall discount). Learn how to issue discount vouchers that customers can apply to their next purchase.