Jul 102008
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
2 Responses to “Invoice Payment Terms”
Comments (2)
Can you tell me what Net 13th / 19th / 25th prox. 1st / 7th / 13th subsequent means?
(not a commonly used invoice payment term, in the UK
Net 13th / 19th / 25th prox means:
Invoices dated in first third of month, due on13th of the next month,
Invoices dated in the second third of the month, due on 19th of the next month,
Invoices dated in the third third of the month, due on 25th of the following month.
Sorry, don’t know what 1st/7th/13th subsequent means.