BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -EOM stands for the end of the month. So, if the payment term is net 30 EOM, it means that the customer has 30 days to pay back, after the end of the month when the invoice was sent.

Detailed explanation-2: -How Do You Calculate the Cost of an Invoice in Accounts Payable. The total number of invoices paid (for a set time period) divided by all the costs incurred to pay them (for that same time period) will give you the AP cost per invoice.

Detailed explanation-3: -Net 30 end of the month (EOM) means that the payment is due 30 days after the end of the month in which you sent the invoice. For example, if you and your client agree to net 30 EOM and you invoice them on May 11th, that payment will be due on June 30th-in other words, 30 days after May 31st.

Detailed explanation-4: -An invoice dated March 6 with terms of 1/10, EOM results in the end of the discount period on: 1/10 EOM-this means the buyer will receive a cash discount if the bill is paid within 10 days after the end of the month indicated on the invoice date (March 6). EOM results in the end of the discount period on: April 10.