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Invoices are typically marked with a discount period, the net amount due, and some additional information.For example, an invoice that is marked 2/10, n/30 EOM lists a cash discount, net payment terms, and a specific payment date. If the invoice is paid within the first ten days after receiving it, the seller will discount the order by 2 percent.
Hours later, two state police officers died when their police helicopter crashed at the outskirts of town.
Companies almost always try to pay these bills early to receive the cash discount unless they are under tight cash flow restrictions. If the invoice is not paid within the first ten days to receive the discount, the balance of the invoice is due 30 days from receipt.