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NET 15

by rhondaklewis
6 replies
If I made a sale on the first of August and I get paid by Net 15 what day will I get paid? Is it August 30th?
Thanks
#net
  • Profile picture of the author MakeMoneyTutor
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  • Profile picture of the author ChrisBa
    Originally Posted by rhondaklewis View Post

    If I made a sale on the first of August and I get paid by Net 15 what day will I get paid? Is it August 30th?
    Thanks
    It will be Sept 15
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    • Profile picture of the author rhondaklewis
      Say it aint so.
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      • Profile picture of the author Jenni Mac
        September 15th!

        Net 15 means a month and then 15 days!
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        • Profile picture of the author TE2
          Originally Posted by Jenni Mac View Post

          September 15th!

          Net 15 means a month and then 15 days!
          No - it means 15 days after the month ends. They tally your August sales and pay you 15 days after the month closes.

          So August will close on August 31 and the payout will be made on September 15. If you are setup for ACH to your bank account, your payment will be deposited to your account on September 15. If you are getting a check in the mail, add additional days to that.

          Regards,

          John
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          • Profile picture of the author Jenni Mac
            Originally Posted by TE2 View Post

            No - it means 15 days after the month ends. They tally your August sales and pay you 15 days after the month closes.

            So August will close on August 31 and the payout will be made on September 15. If you are setup for ACH to your bank account, your payment will be deposited to your account on September 15. If you are getting a check in the mail, add additional days to that.

            Regards,

            John
            Errm, I think I was lazy in the way I chose to explain it, but I'm kinna shure I ment wot u wrot!
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