1. What is Net 30?

"Net 30" is a common payment term indicating that payment is due 30 days after the invoice date. It's widely used in business-to-business transactions to give customers time to process payments.

2. How Does the Calculator Work?

The calculator uses a simple date calculation:

The calculation accounts for varying month lengths and leap years automatically.

3. Importance of Due Date Calculation

Details: Accurate due date calculation helps businesses manage cash flow, track accounts receivable, and apply late fees appropriately when payments are overdue.

4. Using the Calculator

Tips: Simply enter the invoice date (or leave today's date as default) and click calculate. The calculator will show the exact 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 specified otherwise in the contract as "30 business days".

Q2: What if the due date falls on a weekend or holiday?
A: Unless otherwise specified, 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: How is this different from "Due in 30 days"?
A: They are essentially the same. "Net 30" is the standard accounting terminology for this payment term.

Q5: When should I send invoices to ensure timely payment?
A: Send invoices immediately after delivering goods/services. Consider sending payment reminders a week before the due date.