Good Morning everyone
I wonder if people would give me their understanding of payment terms 45 days end of month? Our interpretation is 45 days after the end of month of invoice so if the invoice was dated 27/11/18 - EOM would be 30/11 then plus 45 days = 14/1/19.
Our customer's interpretation is +45 days then end of month, so in the case of an invoice dated 27/11 that would be +45 days = 11/1/19 then EOM = 31/1/19
I just wondered what either the correct official definition was or alternatively, the majority opinion.
Thanks in advance for your help