Payment Terms

What does the term 2% 10 net 30 mean? 2/10 net 30 is a trade credit extended to the buyer from the seller. A buyer will receive a 2% discount on the net amount if they pay the invoice in full within the first ten days of the invoice date. Otherwise, the full invoice amount … Read more

What does net due date mean? Net Due date is the date on which the actual payment is due. it is picked up from payment terms. Discount due date is the date from which discount is calculated. Usually we allow discount if payment is before a stipulated period. Read more on answers.sap.com A phrase that … Read more