Invoice Due Date Calculator
Calculate payment due dates with our free online calculator
Payment Best Practices
Early Payment Discounts
Consider offering 2/10 net 30 terms to encourage early payments
Cash Flow Management
Track payment patterns to better predict cash flow
Payment Reminders
Send reminders 7 days before due date
Understanding Invoice Payment Terms
What are Payment Terms?
Payment terms are conditions that specify when and how payments should be made for goods or services. Common payment terms include Net 30, Net 60, and Net 90, where the number indicates the days allowed for full payment after the invoice date.
Common Payment Term Structures
- Net D: Payment is due in full within D days (e.g., Net 30 means full payment within 30 days)
- 2/10 Net 30: 2% discount if paid within 10 days, full amount due in 30 days
- COD (Cash on Delivery): Payment required upon delivery of goods or services
- EOM (End of Month): Payment due by the end of the month following the invoice date
Benefits of Standard Payment Terms
- Improved cash flow management for both parties
- Clear expectations and reduced payment disputes
- Opportunity for early payment discounts
- Better business relationship management
Calculating Due Dates
Due date calculation involves adding the payment term days to the invoice date. Factors to consider include:
- Business days vs. calendar days
- Holiday schedules
- Regional business practices
- Early payment discount periods
Frequently Asked Questions
What is Net 30?
Net 30 is a payment term that requires full payment within 30 days of the invoice date. It's one of the most common payment terms in business.
How are due dates calculated?
Due dates are calculated by adding the payment terms (number of days) to the invoice date. Weekends and holidays are included in the calculation.
What are early payment discounts?
Early payment discounts, like 2/10 Net 30, offer a 2% discount if paid within 10 days, with the full amount due in 30 days.
What payment terms should I use?
Choose payment terms based on your business needs. Net 30 is standard, but you might use Net 7 for new clients or Net 60 for established relationships. Consider your cash flow and industry standards.
How do custom payment terms work?
Custom payment terms allow you to set any number of days from 1 to 365. This is useful for special agreements or when standard terms don't fit your needs.
What is 2/10 Net 30?
2/10 Net 30 means the client gets a 2% discount if they pay within 10 days, otherwise the full amount is due in 30 days. It's a common incentive for early payment.
When should I offer longer payment terms?
Consider offering longer terms (Net 45-90) for large orders, long-term clients, or seasonal businesses. Always evaluate the impact on your cash flow first.
How do I use the quick action buttons?
Click the Net 7, Net 30, or Net 60 quick buttons at the top to instantly calculate due dates using those terms. You can also use keyboard shortcuts: Ctrl+7, Ctrl+3, or Ctrl+6.
Can I enter dates manually?
Yes! Click the keyboard icon next to the date picker to switch to text input. You can enter dates as MM/DD/YYYY, YYYY-MM-DD, or Month DD, YYYY formats.
How does the history feature work?
The calculator saves your last 5 calculations locally. Each entry shows the invoice date, due date, terms used, and days remaining. This history persists even after closing the browser.
What does "days remaining" mean?
Days remaining shows how many days are left until payment is due, calculated from today. Negative numbers indicate overdue payments, while "Due today!" means payment is due on the current date.