Due Upon Receipt
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.
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.
The term net 90 refers to an invoice or bill that is more than 90 days past due.
I understand that "Net 30" means "due in 30 days" (Net15 & Net60 mean due in 15 or 60 days, respectively, etc), but sometimes invoices simply say "NET" with no number. In my accounting classes (25 years or so ago) I was taught that "NET" means "NET 30", so I have always assumed this to be the case. Recently a vendor demanded payment for an invoice with "NET" terms that was less about 2 weeks old. He contended that "NET" means "due immediately" Who's right?
The balance due on your bill. In other words, your entire bill must be paid within 30 days.
The total bill is due 15 days after month end
It means that the current balance is due on the 15th of the month following the invoice.
If you mean on a contract that you need to pay (invoice), it probably has something like 2/10 net 30. If this is what you are talking about it means that you can take a 2% discount if it is paid within 10 days, otherwise the "net" amount is due in 30 days.
The phrase Net 30 prox is used in the accounting field. It means that a buyers payment is due 30 days from the day they receive the shipment.
The . in the string is symbolical of an extension. Due to the fact that Visual Studio uses the NET framework to launch applications procured in the development environment.
In my area they mean payment is due 30 or 60 days from invoice date, respectively. -- days net or -- days DOI meaning the same thing.
"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.