Common Invoice Payment Termonology: Difference between revisions
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m New page: == Net Terms == Often stated as Net-7 or Net-30, but can be Net + dash + any number of days. Common net terms are: 7, 30, 60, and 90 days. This means that payment is due that number of ... |
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Often stated as Net-7 or Net-30, but can be Net + dash + any number of days. Common net terms are: 7, 30, 60, and 90 days. This means that payment is due that number of days after the invoice date. | Often stated as Net-7 or Net-30, but can be Net + dash + any number of days. Common net terms are: 7, 30, 60, and 90 days. This means that payment is due that number of days after the invoice date. | ||
*Net X : Net Due in X Days | |||
*Net Eom : Net amount due by the end of the month | |||
*Net Prx : Net amount due on the 1st of the following month | |||
*N10 Prxo : Net due within 10 days of the first of the following month | |||
*N10 Eom : Net due within 10 days of the end of the month | |||
*Net Monthly : Payment due on last day of the month following the one in which the invoice is dated. | |||
== Cash on Delivery (COD) == | |||
=== Cash | == Cash Account == | ||
== Cash in Advance (CIA) == | |||
example: Cia-Our-Req / Cash in Advance-Our Request | |||
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[[Category: Business]] | |||
Latest revision as of 11:47, 28 January 2009
Net Terms
Often stated as Net-7 or Net-30, but can be Net + dash + any number of days. Common net terms are: 7, 30, 60, and 90 days. This means that payment is due that number of days after the invoice date.
- Net X : Net Due in X Days
- Net Eom : Net amount due by the end of the month
- Net Prx : Net amount due on the 1st of the following month
- N10 Prxo : Net due within 10 days of the first of the following month
- N10 Eom : Net due within 10 days of the end of the month
- Net Monthly : Payment due on last day of the month following the one in which the invoice is dated.
Cash on Delivery (COD)
Cash Account
Cash in Advance (CIA)
example: Cia-Our-Req / Cash in Advance-Our Request