1. What is Net 30?

"Net 30" is a common payment term in business that means payment is due 30 days after the invoice date. It's a standard credit term used in many industries to give customers time to pay for goods or services.

2. How Does the Calculator Work?

The calculator uses a simple date calculation:

The calculation counts calendar days (not business days) and accounts for different month lengths and leap years.

3. Importance of Due Date Calculation

Details: Accurate due date calculation helps businesses manage cash flow, follow up on payments, and maintain good financial records. It also helps customers know exactly when payment is expected.

4. Using the Calculator

Tips: Simply enter the invoice date and the calculator will show the due date 30 days later. The date format is YYYY-MM-DD.

5. Frequently Asked Questions (FAQ)

Q1: Does Net 30 include weekends and holidays?
A: Yes, Net 30 counts calendar days, not just business days. Some contracts may specify "30 business days" if that's the agreement.

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

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

Q4: How is this different from "Due in 30 days"?
A: They typically mean the same thing, though some contracts might specify exact calendar dates instead of day counts.

Q5: What happens if payment is late?
A: This depends on the contract terms, but may include late fees, interest charges, or suspension of services.