Invoice Payment Terms
Some common invoice payment terms:
- Net 7 Payment seven days after invoice
- Net 30 Payment 30 days after invoice
- Net 60 Payment 60 days after invoice
- Net 90 Payment 90 days after invoice
- Net monthly account Payment due on last day of the month following the one in which the invoice is dated
- EOM End of month
- COD Cash on delivery
- Cash account Account no credit given
- CND Cash next delivery
- CBS Cash before shipment
- CIA Cash in advance
- CWO Cash with order
- 1MD Monthly credit payment of a full month’s supply
- Contra Payment offset against the value of supplies purchased from the customer
- Stage payment Payment of agreed amounts at stages
- PIA Payment in Advance
Happy Accountant | Credit Control
