Net 45 due date calculator
- Invoice on 1 OctNet 45 puts the due date at 15 Nov.
- Cost to a supplierOn annual sales of 10,000,000 to one buyer, moving from net 30 to net 45 adds 10,000,000 x 15 over 365, about 410,959 to receivables. At an 11 percent borrowing rate that costs roughly 45,200 a year.
Source: Net 45, decoded by Procurement VMS