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what are net30 terms?
pelease explain in detail. And why somone may use these terms
3 Answers
- Anonymous1 decade agoFavorite Answer
total net amount is due 30 days from invoice date.most business accounts offer these terms to other business's.it has to do with cash-flow.You rarely see COD or cash in advance terms for business to business accounts.
Added:
If your are the invoicer,plan on receiving your money in about 40-45 calender days.A trick is to offer a discount of .5% to 1.5% for net 5 days payment.most business's will take advantage of a discount no matter how small it is;it's considered to be "free" money.
Source(s): Corp CEO - 1 decade ago
Net 30 usually means your invoice needs to be paid in full within 30 days from the date on the invoice