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|New Open Account Welcome & Terms
[NAME, COMPANY AND ADDRESS, ex.
14 Edith Street,
ZIP POST CODE]
Dear [NAME, ex. Tom Atkinson],
Thank you for opening an account with our company. As
one of the leaders in this industry, we can assure you
that our products and our services will not disappoint
We would like to take this opportunity to briefly set
forth our terms and conditions for maintaining an open
account with our firm. Invoices are payable within 30
days of receipt, with a 2% discount available if your
payment is remitted within ten (10) days of receipt.
We consider this incentive an excellent opportunity
for our customers to increase their profit margin, and
therefore encourage the use of this discount privilege
whenever possible. We do, however, require that our
invoices be paid within the specified time, for our
customers to take advantage of this 2% discount.
At various times throughout the year we may offer our
customers additional discounts on our products. In
determining your cost in this case, you must apply
your special discount first, and then calculate your
2% discount for early payment.
As the credit manager, I will be happy to answer any
questions you may have regarding your new account.
I can be reached at [phone number and/or e-mail address].
Welcome to our family of customers.
Yours very truly,