WQhen is net 30?

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Posted by M.R. Daniels on June 10, 2002 at 19:31:39:

In Reply to: Re: When to send statements? posted by John on June 08, 2002 at 17:44:15:

Here's a dumb question:
What do you consider net 30? Thirty days from the day it's shipped, or 30 days from the day of receipt?
I have a policy that I do not invoice until the last item on the order is shipped, even if it means a few weeks finishing just one piece. My customers love this, and it urges me to get the orders out on time! But if I do have the whole order out on one day, when is net 30 officially due, or is there no official stand on this?

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