1. What is Net 30?

"Net 30" is a payment term indicating that payment is due 30 days after the invoice date. It's commonly used in business-to-business transactions to provide a standard payment period.

2. How Does the Calculator Work?

The calculator uses the simple formula:

The calculation adds exactly 30 calendar days to the invoice date to determine the payment due date.

3. Importance of Due Date Calculation

Details: Accurate due date calculation is crucial for cash flow management, avoiding late payments, and maintaining good business relationships.

4. Using the Calculator

Tips: Simply enter the invoice date and the calculator will automatically compute the due date 30 days later.

5. Frequently Asked Questions (FAQ)

Q1: Does Net 30 include weekends and holidays?
A: Yes, Net 30 typically includes all calendar days unless otherwise specified in the contract.

Q2: What if the due date falls on a weekend or holiday?
A: Unless specified otherwise, payment is still due on that date. Some businesses may extend to the next business day.

Q3: Are there variations of Net 30 terms?
A: Yes, common variations include Net 15, Net 45, or Net 60, indicating different payment periods.

Q4: How is Net 30 different from "30 days end of month"?
A: "30 days EOM" means payment is due 30 days after the end of the month in which the invoice was issued.

Q5: Can Net 30 terms include early payment discounts?
A: Yes, some invoices offer discounts (e.g., 2/10 Net 30) for paying within 10 days instead of 30.