Validating samples: Special cases

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Financial discount or discount for cash

In case of a financial discount the booking entry will be as follows:

Example, for an invoice of net amount 100 € and financial discount of 2%:

  • Net amount = 100 €
  • Taxable amount: 98 €
    • 100 € – 2%
  • Vat amount = 20,58 €
    • Calculation based on the taxable amount
      • 21% of 98 €
  • Total amount = 120, 58 €


FinancialDiscount.png