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From an accounting manual for a university - with many definitions for various payment terms I found this:
2% 10 and 25th =
2% discount allowed on payments made on or before the 25th of the month for invoices issued the first half of the month; 2% discount allowed for payments made on or before the 10th of the succeeding month for invoices issued the last half of the month.
(an accounting manual, the Disbursements: Discount Terminology section)
http://www.ucop.edu/ucophome/policies/acctman/d-371-23.pdf.
What else can I help you with?
What do the terms net 10th and 25th prox mean?
The terms "net 10th" and "25th prox" refer to payment terms commonly used in business transactions. "Net 10th" means that payment is due by the 10th day of the month following the invoice date. "25th prox" indicates that payment is due on the 25th of the month following the invoice date, regardless of when the invoice was issued. These terms help establish clear timelines for payment.
What is Net 25th in payment Terms mean?
It means you pay on the 25th of each month
What does net 25th 2nd prox mean?
"Net 25th 2nd prox" typically refers to payment terms in a financial or business context. It means that payment is due on the 25th day of the second month following the date of the invoice. For example, if an invoice is dated in January, the payment would be due on March 25th. The term "net" indicates that the total amount is due without any deductions.
Net tenth prox 1.5 percent sc 25?
This is a type of Payment Terms that applies to an account between an Vendor and Customer. This is how it is defined: Any Invoice dated from the 1st of a given month to the 25th, will be due by the 10th of the following month. If an Invoice is not paid on time, that is by the 10th, a 1.5% service charge will apply.
What does prox 25 mean in pay terms?
prox is short for Proximo, meaning in or of the following month. Generally speaking prox 25 usually means payment is due on the 25th day of the following month. For example, you receive your bill/invoice dated October 15, the payment is due before or on November 25.
What is prox 25th payment terms?
Prox 25th payment terms refer to a payment schedule where payments are made on the 25th of the month following the invoice date. For example, if an invoice is issued in January, the payment would be due on February 25th. This arrangement is often used in business-to-business transactions to provide some time for the buyer to process the invoice and make the payment. It helps both parties manage their cash flow more effectively.
What do the terms net 10th and 25th prox mean?
The terms "net 10th" and "25th prox" refer to payment terms commonly used in business transactions. "Net 10th" means that payment is due by the 10th day of the month following the invoice date. "25th prox" indicates that payment is due on the 25th of the month following the invoice date, regardless of when the invoice was issued. These terms help establish clear timelines for payment.
What is Net 25th in payment Terms mean?
It means you pay on the 25th of each month
What does net 25th 2nd prox mean?
"Net 25th 2nd prox" typically refers to payment terms in a financial or business context. It means that payment is due on the 25th day of the second month following the date of the invoice. For example, if an invoice is dated in January, the payment would be due on March 25th. The term "net" indicates that the total amount is due without any deductions.
Net tenth prox 1.5 percent sc 25?
This is a type of Payment Terms that applies to an account between an Vendor and Customer. This is how it is defined: Any Invoice dated from the 1st of a given month to the 25th, will be due by the 10th of the following month. If an Invoice is not paid on time, that is by the 10th, a 1.5% service charge will apply.
What is the fraction for 4 percent?
1/25th
What is the percent of 13 25th?
if it is 13/25 you are asking then 52%
What does prox 25 mean in pay terms?
prox is short for Proximo, meaning in or of the following month. Generally speaking prox 25 usually means payment is due on the 25th day of the following month. For example, you receive your bill/invoice dated October 15, the payment is due before or on November 25.
What does payment term of 2 percent tenth Net 25TH mean?
This term is similar to the normal terms (i.e. 2n10 net30) This term however just specifies a date. It means that if the company/person pays by the 10th of the month they can take a 2% discount, with the full balance (net) due by the 25th (with no discount). Company's offer this kind of savings to help entice the buyer to pay off their account early. Although 2 percent doesn't sound like a lot, when dealing with thousands of dollars at a time 2 percent can add up to a huge savings for the purchasing company. 2n10 net30 is 2 percent discount if paid within 10 days of the invoice date, with the net being due 30 days after invoice date.
What is 4 percent 25th prox net 60?
These are accounts receivable and accounts payable terms. "4% 25th prox" means that the payer of this invoice will be granted a 4% discount (usually excluding freight costs) if the bill is paid by the 25th of the next month. "Net 60" means that the full invoice is due 60 days after the invoice date. On a Receivables side, it is important to save envelopes of incoming payments which have NOT met the discount deadline, to document when a payment was mailed. Part of the Payables/Receivables cat-and-mouse game is for a customer (the payer) to PRINT a check in time to deduct the discount - but not MAIL it until the customer has funds to cover it. The vendor (seller who is owed the money) has offered the discount if paid according to the terms, and if the payer does not honor the terms, the payer forfeits the discount. In a dispute, the remittance envelope proves the payment date. In reality, if the payer usually pays timely and is otherwise a good customer, the vendor will grant the discount. It's all negotiable.
What are payment terms 15th Prox plus 60?
in order to receive the discount payment is to be made by the 15th of the following month(depending upon the cutoff date being used) otherwise, payment is to be made in 60 days from the discount date. Ex. Based on a 25th cut-off invoice date 9/1 has until 10/15 for discount or 12/15 without discount.
What is 23 25th in percent?
100*23/25 = 92 per cent
