Difference between revisions of "Common Invoice Payment Termonology"
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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 | ||
| + | |||
| + | |||
| + | | ||
| + | |||
| + | | ||
| + | |||
| + | [[Category: Business]] | ||
Latest revision as of 13:47, 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
