Home
Back
Net 60 Calculation:
| From: | To: |
Net 60 refers to a payment term where payment is due 60 days after the invoice date or delivery of goods/services. This calculator helps determine the exact due date for such transactions.
The calculator uses a simple date calculation:
The calculation accounts for varying month lengths and leap years to provide an accurate future date.
Details: Accurate date calculation is crucial for financial planning, accounts receivable management, and maintaining good business relationships with clear payment expectations.
Tips: Select your start date (typically invoice date or service delivery date) and the calculator will determine the exact due date 60 days later.
Q1: Does Net 60 include weekends and holidays?
A: Yes, Net 60 typically includes all calendar days unless otherwise specified in the contract. Some businesses may calculate business days only.
Q2: What if the calculated date falls on a weekend or holiday?
A: Payment is typically due on the next business day when the due date falls on a weekend or holiday, unless contract specifies otherwise.
Q3: Can I use this for other net terms like Net 30 or Net 90?
A: This calculator is specifically designed for Net 60 calculations. For other terms, you would need to adjust the day count accordingly.
Q4: How is Net 60 different from other payment terms?
A: Net 60 provides a longer payment period compared to Net 30 (30 days) but shorter than Net 90 (90 days), offering a balance between customer convenience and business cash flow needs.
Q5: Are there industries that commonly use Net 60 terms?
A: Net 60 terms are common in manufacturing, wholesale, and B2B services where longer payment cycles help with cash flow management for both buyers and suppliers.