Lapasar
Finance & Payments

Net 30 / Net 60

Also known as: Net terms, Net 30, Net 60

Net 30 and Net 60 are payment terms meaning the full invoice amount is due within 30 or 60 days of the invoice date.

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'Net' refers to the total amount owed, and the number is the number of days the buyer has to pay. Net 30 gives 30 days; Net 60 gives 60. Terms are sometimes combined with an early-payment discount, written as '2/10 Net 30' — a 2% discount if paid within 10 days, otherwise the full amount in 30.

Longer net terms improve the buyer's cash flow but represent a financing cost and risk to the supplier. Agreeing the right terms is a routine part of negotiation and directly affects both parties' working capital.

Frequently asked questions

What does Net 30 mean?
Net 30 means the full invoice amount is due within 30 days of the invoice date. Net 60 gives 60 days.
What does 2/10 Net 30 mean?
It means a 2% discount is available if the invoice is paid within 10 days; otherwise the full amount is due within 30 days.

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