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letter for discount on early payment
Requesting Discount on Early Payment Letter
by emily on April 21, 2012
Requesting Discount on Early Payment –
[Name, Company Name & Address here]
[Date]
Dear [name],
We are highly pleased doing business with your company for the past [duration].
Now, we want to expand our business and, would like to make a request to you in order to keep a long term business relationship.
You allowed us a [state credit term] credit term, and we are thankful to you for the same. We always paid you in time and paid you regularly.
In future, to pay your account earlier, we request you to offer us an early payment discount, like offered by other suppliers.
We plan to do a long term business with you and, hope that you will consider our request.
Look forward for a positive reply.
Sincerely,
[Your name & Designation]
[Company name]
Encl: [Enclosures List here]
Download Requesting Discount on Early Payment Letter In Word Format
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Sample Early Payment Discount Collection Letters
by emily on January 3, 2012
1234, Main Street
Boston, MA 02123
03/16/05
<Recipient Address Goes Here>
Hello.
We have received your payment of <$amount> on invoice number <invoice number>. Because <reason for underpayment>, you still show a balance owed of <$amount>.
<Method of handling.>
If you have any questions, please feel free to call us at <phone number>. Thank you for your prompt attention to this matter.
Regards,
Robert Anderson
encl: <List of enclosed items goes here>
Download Sample Early Payment Discount Collection Letters in Word
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New Open Account Welcome Terms Letter
by emily on July 19, 2012
Dear
This letter is in reference to the account you have opened at our company. Thank you for opening an account with our company. As one of the leaders in this industry, we can assure you that our products and our services will not disappoint you and we promise high quality services at the competitive prices.
I would like to take this opportunity to briefly set forth our terms and conditions for maintaining an open account with our firm. Invoices are payable within 30 days of receipt, with a 2% discount available if your payment is remitted within ten (10) days of receipt. We consider this incentive an excellent opportunity for our clients to increase their profit margin, and therefore encourage the use of this discount privilege whenever possible. We do, however, require that our invoices be paid within the specified time, for our clients to take advantage of this 2% discount.
At various times throughout the year we may offer our clients additional discounts on our products. In determining your cost in this case, you must apply your special discount first, and then calculate your 2% discount for early payment.
As the credit manager, I will be happy to answer any questions you may have regarding your new account. I can be reached at the above number. Please feel free to contact us for any doubts or clarifications. Welcome to our family of clients.
New Open Account Welcome Terms Letter
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Denial of Request For Additional Discount
by emily on June 25, 2012
Dear
This letter is in reference to your inquiry regarding our flexibility in the discount rate we offer for early settlement of accounts payable.
Our customary discount is 2% of the total invoiced amount when payment is received within 10 days of delivery. This figure is not one that has been arbitrarily chosen, but is based on cost, overhead and profit. To increase this discount rate for all of our accounts would seriously jeopardize our organization and to increase the rate for an individual account would be both unfair and unethical. I believe that you will find that the 2% discount rate we offer our clients is standard in the industry.
We consider you as our most valued client and hope that you can understand our situation in this matter. If we are able to accommodate you in any way that is within our organization policy, we will be most happy to do so.
Denial of Request For Additional Discount
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