1. What is Net 30 to 15 Adjustment?

The Net 30 to 15 adjustment changes standard payment terms from 30 days to 15 days. This calculator helps determine the exact due date when payment terms are shortened from net 30 to net 15.

2. How Does the Calculator Work?

The calculator uses a simple date calculation:

Where:

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

Explanation: The calculator adds exactly 15 days to the invoice date to determine the new due date.

3. Importance of Payment Terms

Details: Shorter payment terms improve cash flow but may require negotiation with vendors. Understanding exact due dates helps with financial planning and avoids late payments.

4. Using the Calculator

Tips: Simply enter the original invoice date and the calculator will show the adjusted due date with 15-day terms. The date format is YYYY-MM-DD.

5. Frequently Asked Questions (FAQ)

Q1: Why would a company change from net 30 to net 15?
A: Companies may shorten terms to improve cash flow, reduce accounts receivable days, or align with industry standards.

Q2: Does this include weekends and holidays?
A: Yes, the calculation includes all calendar days. For business-day calculations, additional adjustments would be needed.

Q3: How does this affect early payment discounts?
A: Shorter terms may replace early payment discounts, or discounts could be offered for payments within 7-10 days.

Q4: Can I calculate for other term lengths?
A: This calculator specifically handles the net 30 to 15 adjustment. For other terms, different calculations would be needed.

Q5: Is this legally binding?
A: Payment terms must be agreed upon by both parties. This calculator provides informational estimates only.