Supplier Payment Schedule
Prepared by: [Your Name]
Supplier Name | Invoice Number | Due Date | Amount Due | Payment Method |
|---|
Supplier A | INV-001 | 01/15/2050 | $1,000 | Bank Transfer |
Supplier B | INV-002 | 01/25/2050 | $1,500 | Credit Card |
Supplier C | INV-003 | 02/10/2050 | $2,000 | Check |
Supplier D | INV-004 | 02/20/2050 | $2,500 | Bank Transfer |
A. Payment Terms
Payment terms are agreed upon with each supplier at the time of contract signing. These terms may include early payment discounts, late payment penalties, and specific payment methods. Ensuring compliance with these terms is crucial for maintaining good supplier relationships and avoiding additional costs.
B. Early Payment Discounts
Suppliers may offer discounts for early payments. For example, a 2% discount may be applied if payment is made within 10 days of the invoice date. These discounts can result in significant savings over time.
C. Late Payment Penalties
Invoices not paid by the due date may incur a late payment penalty, which is typically a percentage of the invoice amount. Timely payments help avoid these extra charges and maintain a positive credit rating.
D. Contact Information
For inquiries or assistance regarding supplier payments, please contact the accounts payable department:
Phone: [Your Company Number]
Email: [Your Company Email]
Office Address: [Your Company Address]
Schedule Templates @ Template.net
