Eom dating calculator
Everything is calculated starting from the date of the invoice.
So, if the invoice is dated September 1 of this year, then EOM gives September 30 of this year.
Anywhere a vendor offers credit terms it is likely that they also offer some discount to motivate early payment.
2/10 net 30 means a discount for payment within 10 days.
2/10 has a due date of September 11 of this year, ten days after September 1.
The last term is n/30 or net 30, which means that payment is due within 30 days.
You wait about a week, and you receive your shoes and jacket. A few days later, you receive the invoice from this company. On this invoice, you see the amount that is due and several other key terms.
Let's take a look at the important terms you need to understand.
Let's take a look at what these numbers and letters mean. You know it's not a date because for one, you are nowhere near the month of February and there's no year listed. This particular term actually means that you will get a discount of two percent if you pay within ten days.
Companies use these terms to encourage early payment of the invoice.