For example, if your invoice stated n/30 instead of EOM, your due date would be September 11 of this year, 30 days after August 12.
Everything is calculated starting from the date of the invoice.
So, if the invoice is dated September 1 of this year, then EOM gives September 30 of this year.
In the business world, you might see 2/10 or some other numbers in the same format that tells you what kind of discount you would get if you pay early. You received this invoice in the middle of the month, so that means you only have about two weeks to pay this.
For example, 2/15 says that you will get a two percent discount if you pay within 15 days. Your EOM due date then is August 31 of this year, the end of the month in which you received the invoice. It would be bad if the invoice came just a few days before the end of the month.
You wait about a week, and you receive your shoes and jacket. A few days later, you receive the invoice from this company. On this invoice, you see the amount that is due and several other key terms.
Let's take a look at the important terms you need to understand.For your invoice dated August 12 of this year, the 2/10 due date is ten days from August 12 or August 22.So, that means if you pay your invoice by August 22, you can take a two percent discount. They stand for 'end of month.' So, since this phrase is listed in the due date, it tells you that your payment is due by the end of the month.An invoice, bill or tab is a commercial document issued by a seller to a buyer, relating to a sale transaction and indicating the products, quantities, and agreed prices for products or services the seller had provided the buyer. These may specify that the buyer has a maximum number of days in which to pay and is sometimes offered a discount if paid before the due date.The buyer could have already paid for the products or services listed on the invoice.Anyone can earn credit-by-exam regardless of age or education level.