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Putting "2% 10 net 30" after the amount on an invoice would indicate the buyer could take a 2% discount if paid in 10 days, and the full amount is expected in 30 days.
See:
http://en.wikipedia.org/wiki/Net_30
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∙ 15y ago
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What does Net 10 days?
"Net 10 Days" means payment is due in 10 days. Which is normally from date of invoice and with goods already in transit. For this instance the terms would be: Net 10 Days from date of Invoice If you do not want to ship goods prior to payment you would use the above term and add "Prior to Shipment".
What does net 60 mean for payment?
Payment terms on an invoice are written in the form "x/y net z", where x is the percentage discount taken if the invoice is paid in y days, or else the entire balance is due in z days. For example, if the terms are 2/10 net 30, the customer may take a 2% discount if he/she pays the invoice within 10 days, or else has to pay the whole amount due in 30 days. When no discount is offered, the payment terms can be written simply only as "net z". Thus, net 60 means that the invoice must be paid in 60 days. There are no discounts offered for paying early.
What is 3.45 percent 10 net 90 days payment terms?
It means that you have 90 days to pay the invoice, and if it is paid within 10 days, you receive a 3.45% discount on the original invoice amount.
What is business payment terms 3 percent 10 ff?
If terms are 3% 10FF, that means that payment will be made the 10th of the following month. It is very similar to 3/10EOM. example - if invoiced on 10/15/12 - payment will be due on 11/10/12
What does it mean If the payment terms for a customer's invoice totaling 10500.00 are 10 10 Days Net 30 Days?
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
What does it mean for a customer's invoice totaling 10500.00 if the payment terms are 10 10 days net 30 days?
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
What does it mean for a customers invoice totaling 10500.00 if the payment terms are 10 10 days net 30 days?
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
What does it mean for a customers invoice totaling 10500.00 if the payment terms are 10 percent 10 days net 30 days?
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
Net 10 eom?
The payment to the supplier is due in FULL 10 days after the end of the month of the invoice. If the invoice is issued January 15th . The payment in full is due February 10th.
What does extra 30 mean when the terms are 2 slash10 net 30 extra 30?
2/10, net 30, extra 30 means that the payment should be made in 30 days in 30 days after the invoice date, if it is paid in 10 days after the invoice date plus 30 days, the buyer can get a discount rate 2%.
What does the payment terms 210 n60 mean?
2/10 net 60 means there is a 2% discount available if the invoice is paid within 10 days (that's the 2/10). If the invoice is not paid within the discount period, the entire invoice is due in 60 days from the invoice date.
Net 30 days means that payment is expected within 30 days after invoice issue date so would it be correct to state Net 10 days if payment is expected within 10 days?
Yes, unless there are other stipulations stated, then it is safe to assume that net 10 days, means the balance is due 10 days after date of invoice.there are a few other ways companies may state this on the invoice.2n10 net 30or2 percent in 10 days net 30both mean, if the account is paid in 10 days, the customer is given a 2% discount, if they do not pay the balance is due in 30 days.
