You have agreed the following for invoices issued by the 15th of a month.
- Invoices that are paid by 31st of the same month receive 3 percent cash discount.
- Invoices that are paid after the 31st of the same month, but before the 15th of the following month, receive 2 percent cash discount.
- By the 31st of the following month, the invoices are due net. The baseline date for payment is the document date:
You have agreed the following for invoices issued after the 15th of a month but by the last day of the month:
- Invoices that are paid by 15th of the following month receive 3 percent cash discount.
- Invoices that are paid after the 15th of the following month, but before the 31st of the following month, receive 2 percent cash discount.
- Invoices that are paid by the 15th of the month following the next month receive no cash discount. The baseline date for payment is the document date:
You therefore have to define the terms of payment twice: Once with a day limit of 15 and once with a day limit of 31.