Common Invoice Payment Termonology

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 in Advance (CIA)

example: Cia-Our-Req / Cash in Advance-Our Request