1. Payment Due Date Interest Penalty Discounts
FEB DAYS
APR
JUN
SEP
NOV
Billing Office
Terms 30
DAYS
Contract:
Invoice Dated: +
days =
Discount Payment Due Date
Received
In Billing Office:
LATER DATE
Terms:
+ 30 days
+ 7 =
Receiving ROG:
Report AOG:
Payment
Due Date =
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
X Discount %
= Discount Amount
Step 2: Principle
- Discount Amount
= Cost to Government