1. Payment Due Date Interest Penalty Discounts
Today’s Date
Payment Due Date
FEB DAYS
APR
JUN
SEP
NOV
Billing Office
Terms 30
DAYS
Contract: +
term days =
Discount Payment Due Date
Invoice Dated:
LATER DATE
Received
(In Billing Office):
(of invoice received
or earlier date block)
Terms:
CAD
+ 30 days
Receiving
Report
ROG
+ 7 =
Payment
Due Date =
EARLIER DATE
AOG
(CAD or AOG)
(if given)
Interest Penalty
Julian Date
Daily Percentage Factor
Interest Rate
Principle
Interest Amount
ECPD: X =
- PDD: =
Days Late
* Note - Add the total of the “Interest Amount” column (s) to the
original amount of principle to get the payment amount. =
Discounts
Step 1: Principle
X Discount %
= Discount Amount
Step 2: Principle
- Discount Amount
= Cost to Government