I'm curious, do you know of any existing invoicing software that handles discounts that way? I'm sure it exists, but I've never seen discounts that are tied to the date paid...
Two are quickbooks and freshbooks. You really should study accounting if you've never seen discounts tied to the date paid. Cash flow is important to every business, and a lot of businesses do give discounts for quick payment.
Agree completely. I just asking about the software end. I've used freshbooks a lot and I've never seen that option. Just checked again, and it doesn't appear to be there. There are discounts, but it's a discount that is applied immediately, at the time of invoicing, rather than being applied IF certain conditions are met.
http://www.freshbooks.com/blog/the-best-invoice-payment-term...
https://www.americanexpress.com/us/small-business/openforum/...
Being able to define your payment terms is important.