Want this question answered?
They want you to mail payment so that the post office receives it by the 30 day from the date on the invoice. When the mailed letter is received by the post office, they stamp it (its called a postmark) with the date received and they want that stamped date to be within 30 days of the invoice date. If the stamped date is later, there may be some sort of penalty.
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
It means 30 days after the date the invoice is received.
Payment due on the 5th day of the 4th month after the Invoice Date.
Payment is due on the 5th day of the 3rd month following the invoice date. For example, a March invoice would be due on June 5th.
They want you to mail payment so that the post office receives it by the 30 day from the date on the invoice. When the mailed letter is received by the post office, they stamp it (its called a postmark) with the date received and they want that stamped date to be within 30 days of the invoice date. If the stamped date is later, there may be some sort of penalty.
The invoice is due X days "After Date of Invoice"
2/10 net 60 means there is a 2% discount available if the invoice is paid within 10 days (that's the 2/10). If the invoice is not paid within the discount period, the entire invoice is due in 60 days from the invoice date.
Even though every business has a different tolerance level on invoice dates, it means that the payment is in the hands of that company on the due date and that is the way you should plan to make payments. If the company just expected your payment to be "in the mail" (postmarked) on a certain date, the invoice would say that. The reason I say "tolerance level" is due to the number of businesses that have no problem ignoring due dates. I had a customer that always paid late because she said she only allotted time on a certain day of a certain week of each month to handle the bills and I would have to understand that. So I tolerated it because my other choice was not to ship her and I didn't want to give up that business.
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
This is called as cash discount or settlement discountIn your question this means that a 10% discount is available if the payment is made withing 10 days from the invoice date otherwise the whole amount 10500 is to be paid within 30 days from the invoice date.
It means 30 days after the date the invoice is received.
Payment due on the 5th day of the 4th month after the Invoice Date.
Payment is due on the 5th day of the 3rd month following the invoice date. For example, a March invoice would be due on June 5th.
If the IRS receives your return or payment after the deadline date but it is postmarked on or before the deadline date, then it is considered to have been filed on time.