answersLogoWhite

0

What does net 60 eom mean?

Updated: 9/14/2023
User Avatar

Wiki User

14y ago

Best Answer

It is a payment term, and usually means that the total amount will be paid 60 days after the end of the month in which the invoice is dated. For example, January dated invoices will be paid on April 1, and February invoices will be paid about April 29. As you can see, it is to the buyer's advantage to have this term, as it can have an effective range of 60 to 90 days to pay for the purchase.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Anonymous

Lvl 1
3y ago

Means 6 days after the end month of invoice date.

eg: invoice billed on July 1st and July 30th will both be paid by Sept 30th

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does net 60 eom mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp