The picture shows an invoice. If a discount is calculated, this must be shown on the invoice.According to Section 14 of the VAT Act, price reductions are one of the legally required details on invoices . Cash discounts are no exception. If you, as the invoice issuer, grant a discount, you must state the amount of the discount and the conditions under which it is granted. However, you are free to indicate whether you indicate the discount amount or the relative discount rate .
A reference to the discount could be, for example:
“2% discount for payment by DD.MM.YYYY.” or: “Discount of 300 EUR for payment within 7 days.”
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Book discounts correctly
If you charge your customers a discount, it reduces your profit . In addition, the invoice amount and the payment received no longer match. For consistent accounting, discounts must therefore be recorded correctly. The same applies on the customer side, as the operating expenses and the invoice amount are different.
The basic requirement for this is that the discount has been noted on the invoice, as described in the previous paragraph. This is the only way to later prove the differences between the invoice amount and the payment flows . This can be of interest to the tax office, for example. As the discount is calculated after the sales tax, as already mentioned, this is also reduced.