End of month dating method

21 Apr

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Sometimes, paychecks reflect income from two years; the last week in December and the first week in January, for example.

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Discounts and allowances are reductions to a basic price of goods or services.

A partial discount for whatever payment the buyer makes helps the seller's cash flow partially. More common with non-profit organizations than with for-profit retail.

It is common for vendors to offer discounts to encourage prompt payment.