1. Invoice 21568 Payment Due Date Interest Penalty Discounts TAKE THE
FEB DAYS
APR
JUN
SEP
NOV
TAKE THE
DISCOUNT!! 30
DAYS
Billing Office
Terms
Contract:
CVS CELL
2/10, NET 30
2 JUL
Invoice Dated:
20 JUN + 10
days =
30 JUN (SAT)
Discount Payment Due Date
Received
In Billing Office:
24 JUN
LATER DATE
30 JUN
Terms:
2/10, NET 30
+ 30 days
+ 7 =
Receiving ROG:
Report AOG:
23 JUN
30 JUN
Payment
Due Date
30 JUN =
30 JUL
EARLIER DATE
Interest Penalty
Julian Date
Daily Percentage Factor
Interest Rate
Principle
Interest Amount
ECPD:
- PDD: X X = X X = =
Days Late X X =
* Note - Add the total of the “Interest Amount” column to the
original amount of principle to get the payment amount. X X =
Discounts
Step 1: Principle
4,000.00
X Discount %
.02
= Discount Amount
80.00
Step 2: Principle
4,000.00
- Discount Amount
80.00
= Cost to Government
3,920.00
PE #1 AK

2. Invoice 19865 Payment Due Date Interest Penalty Discounts Contract:
FEB DAYS
APR
JUN
SEP
NOV 30
DAYS
LOST THE
DISCOUNT !
Billing Office
Terms
Contract:
CVS CELL
2/10, NET 30
Invoice Dated:
16 APR + 10
days =
26 APR
Discount Payment Due Date
Received
In Billing Office:
21 APR
LATER DATE
22 APR
Terms:
2/10, NET 30
+ 30 days
+ 7 =
Receiving ROG:
Report AOG:
15 APR
22 APR
Payment
Due Date
22 APR =
22 MAY
30 APR
EARLIER DATE
Interest Penalty
Julian Date
Daily Percentage Factor
Interest Rate
Principle
Interest Amount
ECPD:
- PDD:
28 JUN
179
142 , X X =
22 MAY , X X = = 37
Days Late X X =
* Note - Add the total of the “Interest Amount” column to the
original amount of principle to get the payment amount. X X
Total =
41.19
Discounts
Step 1: Principle
X Discount %
= Discount Amount
Step 2: Principle
- Discount Amount
= Cost to Government
PE #1 AK

3. Invoice 347607 Payment Due Date Interest Penalty Discounts Contract:
FEB DAYS
APR
JUN
SEP
NOV
Payment Due Date
TAKE THE
DISCOUNT ! 30
DAYS
Billing Office
Terms
Contract:
CVS CELL
NET 30
Invoice Dated:
16 JUN + 20
days =
6 JUL
Discount Payment Due Date
Received
In Billing Office:
20 JUN
LATER DATE
23 JUN
Terms:
2/20, NET 30
+ 30 days
+ 7 =
Receiving ROG:
Report AOG:
22 JUN/ 23 JUN
Payment
Due Date
15 JUN / 16 JUN
22 JUN/ 23 JUN =
23 JUL
EARLIER DATE
Interest Penalty
Julian Date
Daily Percentage Factor
Interest Rate
Principle
Interest Amount
ECPD:
- PDD: X X = X X = =
Days Late X X =
* Note - Add the total of the “Interest Amount” column to the
original amount of principle to get the payment amount. X X =
Discounts
Step 1: Principle
4,212.70
X Discount %
.02
= Discount Amount
84.25
Step 2: Principle
4,212.70
- Discount Amount
84.25
= Cost to Government
4,128.45
PE#1 AK