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What are "End of Month/Net 15" terms?

All orders are consolidated into a single statement sent on the first day of the following month.

End of Month/Net 15 (EOM/Net 15) terms work just like a credit card.

  • All orders made by authorized buyers in a corporate account are consolidated into a single statement sent on the first day of the following month.
  • Authorized payers can then make one payment, due on the 15th of the following month.

EOM/Net 15 is the preferred program for buyers making one or more orders from a supplier in a given month. The program simplifies how often you pay for open invoices (just once instead of multiple times) and establishes a set cadence for all future payments.