Net 15 due date calculator
- A freelancer invoices on 1 OctNet 15 puts the due date at 16 Oct. If the client counts from receipt on 4 Oct, it shows 19 Oct. Agree the start in writing.
- A supplier moves from net 30 to net 15On 40 invoices a year averaging 1,500, the supplier frees about 40 x 1,500 x 15 over 365, roughly 2,466 of cash from receivables.
Source: Net 15, decoded by Procurement VMS