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What is 4 percent 25th prox net 60?
These are accounts receivable and accounts payable terms. "4% 25th prox" means that the payer of this invoice will be granted a 4% discount (usually excluding freight costs) if the bill is paid by the 25th of the next month. "Net 60" means that the full invoice is due 60 days after the invoice date. On a Receivables side, it is important to save envelopes of incoming payments which have NOT met the discount deadline, to document when a payment was mailed. Part of the Payables/Receivables cat-and-mouse game is for a customer (the payer) to PRINT a check in time to deduct the discount - but not MAIL it until the customer has funds to cover it. The vendor (seller who is owed the money) has offered the discount if paid according to the terms, and if the payer does not honor the terms, the payer forfeits the discount. In a dispute, the remittance envelope proves the payment date. In reality, if the payer usually pays timely and is otherwise a good customer, the vendor will grant the discount. It's all negotiable.
Why did people need to weigh early gold coins?
Why Do People Need To Waigh early gold coins? becuase most people in the 1608 faked gold and keept gold to there self and make diffrent types and sold it so most was prox and fake and the persentage was that there like 30% left in the world wide
What does Net 30th prox 10th 20th subsequent mean?
new 1st/10th/20th sub
What is Net tenth prox?
Clarification -- prox is a shortned form of the latin proximo, meaning next (not approxmate as is commonly beliexed.) So, Net 10th Prox menas that payment in full is due ON the 10th of the next (proximo) month.
Net tenth prox 1.5 percent sc 25?
This is a type of Payment Terms that applies to an account between an Vendor and Customer. This is how it is defined: Any Invoice dated from the 1st of a given month to the 25th, will be due by the 10th of the following month. If an Invoice is not paid on time, that is by the 10th, a 1.5% service charge will apply.
What prox 45 payment terms?
This is really odd for me to see, usually when a company uses "prox" it's for dates, such as 1-30 (days of the month). From what I've seen however, Prox 45, may mean that the payment is due with-in 45 days of the invoice date. Prox standing for Proximo, which literally means, Of or in the following month {or} in or of the next month after the present; "scheduled for the 6th prox"
What does prox 25 mean in pay terms?
prox is short for Proximo, meaning in or of the following month. Generally speaking prox 25 usually means payment is due on the 25th day of the following month. For example, you receive your bill/invoice dated October 15, the payment is due before or on November 25.
What are payment terms prox?
dUE 30 DAYS FROM THE END OF THE MONTH
What are prox 30 payment terms?
dUE 30 DAYS FROM THE END OF THE MONTH
What does the root word prox mean?
near
What are Payment terms Net 45 PROX?
45 days from the end of the current month.
What is 2 15th prox net 30 terms?
The term 2 15th prox net 30 terms is an accounting term indicating when payment is due. The payment for this would be that half is due on the 15th of the month and the balance due in 30 days.
What is Net 30th prox?
Net 30th prox are payment terms such that all invoices for a given month are payable in one lump payment due 30 days after the end of the month of invoice
2 percent 10th prox-net 30 days?
We use this, which in our invoicing means our TERMS are in the invoice is paid within ten (10) days you can deduct 2% from the total but we expect the total within thirty (30) day. Some customers used the confusion excuse to take the 2% when they paid in thirty days. We also, then said interested of (X) would be added after 60 days.
