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Net 10 eom

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Anonymous

15y ago
Updated: 9/14/2023

The payment to the supplier is due in FULL 10 days after the end of the month of the invoice. If the invoice is issued January 15th . The payment in full is due February 10th.

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Wiki User

15y ago

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What does terms net 10 eom means?

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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"Net 10 EOM 60" refers to payment terms in a business transaction. It means that the total invoice amount is due within 10 days after the end of the month (EOM) in which the invoice was issued, and the full payment must be made within 60 days. Essentially, this gives the buyer a short window for early payment discounts while allowing for a longer period for the total amount to be settled.


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An invoice dated 4/21/10 with Net 10 EOM+60 Days will be due within 10 days of the end of month (5/10/10) with an additional 60 days after that. So the due date will be 5/10/10 plus 60....actual due date is 7/09/10.


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