answersLogoWhite

0

This means the bill is due immediately from the date of invoice. It is best to pay the invoice/statement/bill within a couple of weeks from the date issued and best not to go over 30 days.

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

What does net due mean?

Due Upon Receipt


What are the different terms of an invoice?

Upon Receipt, Net10, Net15, Net 30


What does net on receipt mean on purchase order to vendor?

It means you are expected to pay any remaining charges upon receiving the merchandise. Vendors often use this as the start of collecting interest, if they have to go after you for collection of the net.


What does net 30 mean?

Receipt of Goods, meaning the 30 day terms do not begin until goods are received by the customer.


What is meant by Default payment terms net 5?

Full amount of invoice (net) is due in 5 days after receipt of invoice. Net means all charges: the goods or service itself, shipping, handling, taxes, etc.


What does net 30 ROG mean?

Receipt of Goods, meaning the 30 day terms do not begin until goods are received by the customer.


What does net 15 term mean?

Net 15 means that the balance is due in 15 days after the date of the invoice. Net 30 means that the balance is due in 30 days after the date of the invoice. The number after the net indicates the days after when the invoice was printed that the balance is due.


Does net 30 days mean within 30 days of invoice date or 30 after receipt of invoice?

It means 30 days after the date the invoice is received.


What does net 15 payment terms mean?

Net 15 means that the balance is due in 15 days after the date of the invoice. Net 30 means that the balance is due in 30 days after the date of the invoice. The number after the net indicates the days after when the invoice was printed that the balance is due.


Is net 30 payment from date of bill or receipt of bill?

from date of bill


What are common payment terms?

Common payment terms include "Net 30," which requires payment within 30 days of invoice receipt, and "Due on Receipt," where payment is expected immediately upon receiving the invoice. Other terms may specify discounts for early payment, such as "2/10 Net 30," meaning a 2% discount is available if paid within 10 days. Additionally, "COD" (Cash on Delivery) requires payment at the time of delivery. These terms help businesses manage cash flow and set clear expectations for payment timelines.


What do you mean by net 90?

The term net 90 refers to an invoice or bill that is more than 90 days past due.