Net in 60 strictly means that the balance is due 60 days from the invoice date. If the invoice date is January 15th, then the balance (net) is due on (or before) March 15th. 60 days after the invoice...
When payment is received. But, most lenders offer a grace period for receipt of payments, partially for this reason. Your best bet is to give no less than three days mail time for a payment to be...
Yes, I thought it was a scam, the bank picked up on it, even cancelled my visa card before I realised it related to a copy of a marriage certificate I ordered from a Family Tree website.
A "Prox 60" payment term means that the clock on invoice aging starts at the end of a given month rather than upon actual receipt of the invoice.
Example:
ACME Widget's AR department invoices...