oboloo

oboloo Glossary

10 Net 30

oboloo Glossary

10 Net 30

10 Net 30 is a payment policy that is often used in business transactions. It is used to describe the payment terms for goods or services that are sold. 10 Net 30 means that the customer has 10 days to pay the invoice amount in full, but will receive a 2% discount if the invoice is paid within 30 days. This payment policy is often used by businesses in order to encourage customers to pay their invoices promptly and in full. The payment terms are often printed on the invoice, to ensure that customers are aware of the payment policy and understand how to take advantage of the discounts available. Using 10 Net 30 as a payment policy helps businesses maintain a steady cash flow as they are able to receive payments more quickly. It also allows customers to take advantage of discounts, helping them to save money on the goods or services being purchased. 10 Net 30 is an effective way to facilitate prompt payments while providing customers with incentives to pay on time.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971