What do Net 7, Net 30 and Net 60 mean?
Net payment terms state how many days a customer has to pay after an invoice is issued. Net 30, for example, means the full balance is due 30 days after the invoice date. Net 7 and Net 15 encourage faster payment, while Net 60 and Net 90 are often used in larger business contracts.
Calendar days or business days?
Unless a contract says otherwise, Net terms commonly use calendar days, including weekends and holidays. If your agreement specifically uses business days, activate that option. The calculator will count Monday through Friday and can also remove national public holidays for the selected country.
Example: Net 30 invoice
An invoice dated July 1 with Net 30 calendar-day terms is due July 31. The invoice date itself is day zero; July 2 is day one. Business-day terms can produce a later date because weekends and holidays do not count.
Frequently asked questions
What happens when a calendar due date falls on a weekend?
The calculator shows the literal Net due date. Many contracts move payment to the next business day, but that depends on the agreement and local law.
Are regional holidays included?
The holiday option uses national public holidays. State, provincial and municipal holidays may require a manual adjustment.