2%/10- Net 30
when giving this discount, should we discount before taxes of after taxes? Thanks.
Hey Sylvia! Great question.
You should always apply your discount before tax. If you calculate the discount after taxes then you will end up collecting only a portion of the sales tax (that is due) from your customer and you will have to pay the difference to the state when it’s time to remit your sales tax payment.
Thanks so much for reading!
All the Best-
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