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?Net 30? refers to a payment term that means a customer has a 30-day length of time (or payment period) from when they received the invoice to pay their full invoice balance. Net 30 payment term is used for businesses selling to other businesses, and the 30 days includes weekends and holidays.

So, if the payment term is net 30 EOM, it means that the customer has 30 days to pay back, after the end of the month when the invoice was sent. For example, if you invoice your client with a payment term of net 30 EOM on October 13th, the payment will be due on November 30th - 30 days after October 31st.

How to calculate the due date. Don't start with the day you received the invoice, but the date on the invoice itself. So, if the date printed on the invoice is 4 August and typical net 30 payment terms apply, then the invoice would be due on 3 September.

Invoices must always include the invoice date as well as the due date. Setting a due date encourages the client to pay you within a certain time frame. The general rule is 30 days from the invoice date. However, you can discuss this with your customer and either make it shorter or longer than 30 days.

Generally, if you don't use the due on receipt label, the invoice has to be paid within a specific amount of days. Most people use the Net 30 connotation, which means the client has 30 days to look over the work and render payment.

What is Net 45? Net 45 is a payment term used to state that an invoice must be paid within 45 days of receiving it. Sometimes, a vendor may offer early payment discount terms for paying sooner. An example is 1/10 net 45, meaning the customer pays the invoice within 10 days instead of 45 to earn a 1% discount.

DD/MM/YYYY (one and two digit days / months)