1. What is Net 30?

"Net 30" is a common payment term in business that means payment is due 30 days from the invoice date. It's one of several standard payment terms used in commercial transactions.

2. How Does the Calculator Work?

The calculator uses a simple formula:

Where:

• Invoice Date — The date when the invoice was issued
• 30 days — The payment term period

Explanation: The calculator adds exactly 30 calendar days to the invoice date to determine the payment due date.

3. Importance of Payment Terms

Details: Clear payment terms help businesses manage cash flow, set expectations with customers, and maintain good financial relationships. Net 30 is one of the most common terms in B2B transactions.

4. Using the Calculator

Tips: Simply enter the invoice date and the calculator will automatically compute the due date 30 days later. The invoice date defaults to today's date for convenience.

5. Frequently Asked Questions (FAQ)

Q1: Does Net 30 include weekends and holidays?
A: Yes, Net 30 typically counts calendar days (including weekends and holidays) unless otherwise specified in the contract.

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

Q3: Are there variations of Net 30 terms?
A: Yes, common variations include Net 15, Net 45, and Net 60. Some terms offer discounts for early payment (e.g., 2/10 Net 30).

Q4: When does the 30-day period start?
A: Unless specified otherwise, the count begins on the invoice date, not the date goods were received or services completed.

Q5: Is Net 30 standard in all industries?
A: While common, payment terms vary by industry, company policy, and the relationship between buyer and seller.