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"Paying bills is a major concern for any business, so let's talk about it. There is a more efficient way to do this that will help your company save money. Early payment discounts are what they're called. Here, you might receive a small discount by paying your bills a little early.
What are Early Payment Discounts in Accounts Payable?
Sellers give Early Payment Discounts (EPDs) to customers who pay their bills before the due date. EPDs are basically a cash reward. A small percentage of the invoice amount is generally given as a discount. This is good for both parties. It's a smart move for