What does 'net 30 EOM' mean? ... Net 30 end of the month (EOM) means that the payment is due 30 days after the end of the month in which you ...ServicesServicesPricingResourcesResourcesCommunityCommunityForPartnersLogIn1(888)7601940StartaFreeTrialByNickZarzyckionSeptember12,2019ContentsWhatisnet30?Whatarethebenefitsofusingnet30?Whenexactlydoesnet30start?Whatdoes‘net30EOM’mean?Whatdoes‘2/10net30’mean?Doallbusinessesusenet30?HowdoIdecideifnet30termsarerightformybusiness?SohowdoIgetstartedwithnet30?Tiredofdoingyourownbooks?TryBench.Youjusthadagreatmeetingwithanewclient.You’veagreedonthescopeofyourwork,thehourlyrateyourclientwillpayyou,andanestimatedtotalcostfortheproject.There’sjustonemorethingyouneedtofigureout:willyouofferthemnet30terms?Butwhatdoesnet30mean,exactly?Andshouldyouautomaticallyagreetonet30?Here’severythingyouneedtoknow.Whatisnet30?Whenyouoffersomeonenet30terms,you’reofferingthemthechancetopayyouupto30calendardaysafteryoubillthemforagoodorservice.Net30isaformoftradecredit.Inotherwords,whenyouagreetonet30terms,you’retechnicallylendingsomeonemoney.Youdelivergoodsandservicesimmediately,andkeeptrackofthedebttheyoweyouusingyouraccountsreceivable.Andifallgoeswell,they’llrepaythedebtin30days.Net30isn’ttheonlykindoftradecredityoucanextendtoyourclients—net10,14,15,30,60arealsocommon.Whatarethebenefitsofusingnet30?Themainbenefitisthatitletsyoutakeonmoreclientsthanyouwouldifyouinsteadrequiredimmediatepaymentforyourgoodsandservices.Offeringnet30tradecreditletsyouservebusinessesthatmightnothaveabigpileofcashlyingaround,suchassmallbusinesses.Thisiswhyyou’lloftenseebigbusinessesofferingtheirclientsgeneroustradecreditterms—net30,net60,sometimesevennet90.Theyusuallyhaveenoughcashonhandtosurvivenotgettingpaidbyaclientfor30,60or90days,andextendingtradecreditletsthemcastamuchwidernetwhenlookingfornewclients.Whenexactlydoesnet30start?Itdependsonwhatyouandyourclienthaveagreedto.The‘30’innet30couldmean30daysafterthesaleismade,30daysafterthegoodsaredeliveredontheclient’sdoorstep