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Full amount of invoice (net) is due in 5 days after receipt of invoice. Net means all charges: the goods or service itself, shipping, handling, taxes, etc.

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Q: What is meant by Default payment terms net 5?
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Related questions

What are terms for net 30 payment?

Payment is due in 30 days with no discount


What are credit terms of net 30 eoap?

End of accumulation period of net 30 means you will be paid in 30 days. Many businesses use net 30 for payment terms.


What are Net 45 payment terms?

45 days from the end of the current month.


What does 2 percent 2nd 10th net 30 payment terms mean?

stupud


What are Payment terms Net 45 PROX?

45 days from the end of the current month.


What is Net 25th in payment Terms mean?

It means you pay on the 25th of each month


What is 2 15th prox net 30 terms?

The term 2 15th prox net 30 terms is an accounting term indicating when payment is due. The payment for this would be that half is due on the 15th of the month and the balance due in 30 days.


What is Net 30th prox?

Net 30th prox are payment terms such that all invoices for a given month are payable in one lump payment due 30 days after the end of the month of invoice


What does payment terms of 30 days DOI 60 days net mean?

In my area they mean payment is due 30 or 60 days from invoice date, respectively. -- days net or -- days DOI meaning the same thing.


What does the payment terms net 30 MF mean?

net 30 MF


How does a business accept net 30?

This means payment for a purchase is due in 30 days, net of any discount due the buyer. Buyers would accept it because it delays payment and obtains a discount concession for timely payment. Sellers accept it because they want to make the sale and these are typical terms of payment in their industry.


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.