Our discount term is made up of 3 elements. The base discount term, specific product group adjustment term as well as Invoice Finance Term discount adjustment*. Most of our customer has a single discount term (base) only. In that case, the discount is applied uniformly across all products in our catalogue.
Example of a Single Rate Discount Term on Net Proforma only
| Company Name: | A/C No. | Discount Term (R1 Rate) |
|---|---|---|
| ABC Wood Floor Co. | 88888 | 39% |
The above sample shows a single rate discount term which means the customer will be benefited from a 40% discount rate across all our products from the list price.
*Only applicable to customer who holds an F-type account. Credit is subject to status.
Example of Discount Term with specific group discounts.
| Company Name: | A/C No. | AS | UN | DN | DV | LN | LV |
|---|---|---|---|---|---|---|---|
| ABC Wood Floor Co. | 88888 | 40% | 38% | 39% | 41% | 44% | 36% |
The above sample shows a discount term with product group adjustment which means the customer will benefit 40% on accessories items, 40% on unfinished items and so on.
- AS = Accessories such as our adhesive and underly.
- UN = Unfinished products such as our unfinished herringbone and planks.
- DN = Natural narrow planks below 189mm in width.
- DV = Stained/Coloured narrow planks below 189mm in width.
- LN = Natural planks above or equal to 189mm in width.
- LV = Stained/Coloured planks above or equal 189mm in width.
And finally, Example of an Invoice Finance levy
| Company Name: | A/C No. | Invoice Finance Term Adjustment |
|---|---|---|
| ABC Wood Floor Co. | 88888 | 3.5% |
The Invoice Finance levy is for customers who hold a credit account with us and would prefer invoices to be on credit term. Our customer has the flexibility of having certain invoices on the net term and some on the financed term. For example, if the above customer would like an order to be on finance, a charge of 3.5% of the net total value would applied.