1. What Are 30 Day Payment Terms?

30 day payment terms mean the payment is due 30 days after the invoice date. This is a common payment term in business transactions, giving the customer one month to pay the invoice.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• Invoice Date — The date when the invoice was issued
• 30 days — Standard payment term period

Explanation: The calculator adds exactly 30 calendar days to the invoice date to determine the payment due date.

3. Importance of Payment Terms

Details: Clear payment terms are crucial for cash flow management, avoiding late payments, and maintaining good business relationships.

4. Using the Calculator

Tips: Simply enter the invoice date and the calculator will show the due date 30 days later. Weekends and holidays are included in the calculation.

5. Frequently Asked Questions (FAQ)

Q1: Are weekends and holidays included?
A: Yes, the calculator adds exactly 30 calendar days, including weekends and holidays.

Q2: What if I need net 30 business days?
A: This calculator uses calendar days. For business days calculation, you would need a different tool.

Q3: How is this different from "net 30"?
A: "30 days" and "net 30" typically mean the same thing - payment due 30 days after invoice date.

Q4: What if the due date falls on a weekend or holiday?
A: Unless otherwise specified in your contract, payment is still due on that date.

Q5: Can I use this for other payment terms?
A: This calculator is specifically for 30 day terms. For other terms (e.g., 15, 45, 60 days), you would need to adjust the calculation.