Accounting terms

Dictionary of all accounting terms

What is Net 7, 10, 30, 60, 90?

"Net" and the number following it, typically - 7, 10, 30, 60, or 90 refers to the amount of days the customer has to reimburse the vendor after the invoice date.

Take note

Holidays and weekends are usually counted in these timeframes. You may have to assess the payment terms to see if that is the case for you.

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