Supplier Payment Schedule

Prepared by: [Your Name]

Supplier Name	Invoice Number	Due Date	Amount Due	Payment Method
Supplier A	INV-001	01/15/2050	$1,000	Bank Transfer
Supplier B	INV-002	01/25/2050	$1,500	Credit Card
Supplier C	INV-003	02/10/2050	$2,000	Check
Supplier D	INV-004	02/20/2050	$2,500	Bank Transfer

A. Payment Terms

Payment terms are agreed upon with each supplier at the time of contract signing. These terms may include early payment discounts, late payment penalties, and specific payment methods. Ensuring compliance with these terms is crucial for maintaining good supplier relationships and avoiding additional costs.

B. Early Payment Discounts

Suppliers may offer discounts for early payments. For example, a 2% discount may be applied if payment is made within 10 days of the invoice date. These discounts can result in significant savings over time.

C. Late Payment Penalties

Invoices not paid by the due date may incur a late payment penalty, which is typically a percentage of the invoice amount. Timely payments help avoid these extra charges and maintain a positive credit rating.

D. Contact Information

For inquiries or assistance regarding supplier payments, please contact the accounts payable department:

Phone: [Your Company Number]
Email: [Your Company Email]
Office Address: [Your Company Address]