Glossary
What is EOM terms?
EOM means end of month. "30 days EOM" means payment is due 30 days after the end of the month the invoice was issued.
EOM terms give the customer longer than the number suggests. An invoice issued early in the month can have nearly 60 days to be paid.
Example
An invoice dated 3 March on 30 days EOM is due 30 April.
In Australia
Common with wholesalers and larger Australian businesses that run monthly payment cycles.
General information only, not legal or financial advice.