Posted by anony on 7/6/05 2:48pm
Msg #50065

What does "net 30" or "net 15" mean?

Does "net 15" mean companies will pay a total of all signings done from the 1st to the 15th of the month and from the 15th to the 30th of the month?

And does "net 30" mean companies pay a total of all signings at the end of the month (1st to the 30th)

TIA

Reply by Dmartz_IN on 7/6/05 3:10pm
Msg #50070

this means you will be paid all your money from said invoice in Net 30 days or Net 15 days or if this is how you invoice it means you want paid in Net 30 day or Net 15 days

Reply by Joel CT on 7/6/05 3:10pm
Msg #50071

Net 15 and Net 30 are terms of credit meaning that the net amount is due in 15 or 30 days, usually from the date of the invoice. For example, if I bill you for my service today, you have till Aug 6 to pay me before I can collect interest or pursue other legal methods of collection.

Net 30 is a standard business to business term, however some businesses, when they are large enough demand longer terms... in my other line of work, I have one client who insists on 60 days, but the check has never been late, and they represent over 10% of my annual business... so I don't complain!