# What does terms net 10 eom means?

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EOM stands for "end of month".

Net 10 EOM means that the net amount of the account is due 10 days after the end of the month which the sale was made.

Eg. Customer buys \$25,134 worth of merchandise from your store on 14th July.
N10 EOM credit terms means that this account must be paid by the 10th June.

Hope that helps

Edit: I believe in the example that the original poster meant 10th August as the pay date as 10th June would be roughly 11 months after purchase.
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End of Message

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