End of month eom dating

12 Feb

This is the case if shipping will take a long time or the goods are ordered ahead for the next season.

For example, a gift store will place its order for Christmas items in the summer.

Two common methods of ordinary dating are 2/10, n/30 and 2/10, 1/15, n/30. Here’s the translation… Read "2/10, n/30" as "two ten, net thirty" and "2/10, 1/15, n/30" as "two ten, one fifteen, net thirty." Our examples will help you see what these terms mean.

Let’s start with an example using the second method of dating.

It does not begin with the date the seller puts on the invoice.

I am trying to translate the following sentence into Romanian "Invoices are due 30 days end of month invoice date".

Let’s do a calculation involving February in a leap year.

In a leap year, February has 1 extra day to use up.

If we pass February 29, we must subtract 1 day because the exact days-in-a-year calendar excludes leap years.

If the due date does not pass February 29 we ignore the leap year. The ordinary dating method of determining the discount period and the due date begins with the date on the invoice.