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Mns-2 payment terms

Updated: 9/14/2023
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MNS2 Payment Terms MNS2 payment is made on the 2nd business day of the 2nd month following the receipt of your goods or services. For example, you shipped widgets on July 29th. The warehouse received them on August 1st. Your payment will be made on the 2nd month (October) and the 2nd business day (October 2nd). Example 2: You ship goods on July 15th. Warehouse receives the goods on July 17th. You will be paid on the 2nd month (September) and the 2nd business day (September 2).

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Q: Mns-2 payment terms
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Mns payment terms?

Multi-lateral Netting System forms the acronym MNS. It is said that GM originated this as a means of streamlining A/P processes. In its most common form, it is stated as MNS2 which means that an invoice is paid on the second day of the second month after receiving that invoice.


What does the term second day second month mean?

Accounts Payable Analysts Supplier accounts are assigned based on Allison Transmission vendor code. If you do not know your vendor code, please contact your buyer. If unable to do so, assume that your vendor code begins with the alpha character of your company's name. For example, if your company name is "Ajax Corrugated Boxing, Inc.", assume your vendor code begins with the letter "A".The following are Accounts Payable Analysts and their Assignments, please use these common numbers to contact them:Phone: (888) 288-5122 and follow promptsFax: (317) 242-4273 All Correspondence Mailing Address: Allison Transmission, Inc., M/C L27, P.O. Box 7120, Indianapolis, IN, 46206-7120 Name Account AssignmentsMichele HannerE-Mail: michele.hanner@allisontransmission.comSupervisor Carol HommellE-Mail: carol.hommell@allisontransmission.com10% Holdback Elizabeth BishopE-Mail: elizabeth.bishop@allisontransmission.comLetters A-K Morris TilsonE-Mail: morris.tilson@allisontransmission.comLetters L-SBeverly WilliamsE-Mail: beverly.e.williams@allisontransmission.comLetter TCathy PiccioneE-Mail: cathy.piccione@allisontransmission.comLetters U-ZPayment terms:This payment terms are called MNS2. Payment is made on the 2nd business day of the 2nd month following the receipt of your goods or services. For example, you shipped widgets on July 29th. The compnay received them on August 1st. Your payment will be made on the 2nd month (October) and the 2nd business day (October 2nd). Example 2: You ship goods on July 15th. Allison receives the goods on July 17th. You will be paid on the 2nd month (September) and the 2nd business day (September 2).


Related questions

What are mns2-3 payment terms?

mns2-3 payment terms


What do the letters mns2 stand for?

MNS2 is an accounting acronym that states that payment will be made on the second business day of the month. This coding fits well in accounting software.


Mns payment terms?

Multi-lateral Netting System forms the acronym MNS. It is said that GM originated this as a means of streamlining A/P processes. In its most common form, it is stated as MNS2 which means that an invoice is paid on the second day of the second month after receiving that invoice.


What is mns2 payment terms?

From a GM related company... "The payment date is set forth in the Line Item Detail of this contract, or if not stated, shall be the date established by Buyer's Multilateral Netting System (MNS-2), which provides, on average, that payment shall be made on the second day of the second month following, in the case of the Buyer's North American facilities, Seller's shipment date of goods or date of services, and, for all of Buyer's other locations, Buyer's receipt date of the goods or date of services."


Was ist mns2-3?

2nd day of the 3rd month


What is the name for the compound MnS2?

Manganese (III) Oxide


What does the term second day second month mean?

Accounts Payable Analysts Supplier accounts are assigned based on Allison Transmission vendor code. If you do not know your vendor code, please contact your buyer. If unable to do so, assume that your vendor code begins with the alpha character of your company's name. For example, if your company name is "Ajax Corrugated Boxing, Inc.", assume your vendor code begins with the letter "A".The following are Accounts Payable Analysts and their Assignments, please use these common numbers to contact them:Phone: (888) 288-5122 and follow promptsFax: (317) 242-4273 All Correspondence Mailing Address: Allison Transmission, Inc., M/C L27, P.O. Box 7120, Indianapolis, IN, 46206-7120 Name Account AssignmentsMichele HannerE-Mail: michele.hanner@allisontransmission.comSupervisor Carol HommellE-Mail: carol.hommell@allisontransmission.com10% Holdback Elizabeth BishopE-Mail: elizabeth.bishop@allisontransmission.comLetters A-K Morris TilsonE-Mail: morris.tilson@allisontransmission.comLetters L-SBeverly WilliamsE-Mail: beverly.e.williams@allisontransmission.comLetter TCathy PiccioneE-Mail: cathy.piccione@allisontransmission.comLetters U-ZPayment terms:This payment terms are called MNS2. Payment is made on the 2nd business day of the 2nd month following the receipt of your goods or services. For example, you shipped widgets on July 29th. The compnay received them on August 1st. Your payment will be made on the 2nd month (October) and the 2nd business day (October 2nd). Example 2: You ship goods on July 15th. Allison receives the goods on July 17th. You will be paid on the 2nd month (September) and the 2nd business day (September 2).


Formula for manganese Sulfite?

The actual formula is MnS2because the ending is sulfide not sulfateMn(SO4)2How do you write the formula for manganese IV sulfate


What minerals are in pyrite?

Pyrite is a mineral.