Prox Terms

It is not unusual for a business to assign Prox Terms for customers. This is the fancy way of saying that you are counting the number of days due from the beginning of the next month instead of from the invoice date.

Examples:

Net 30 Prox on an invoice generated on July 6 is due August 30. If you give the customer Net 30 Regular, then it is due August 5 as there are 31 days in July.

Net 10 Prox means that you are giving the customer 10 days
from the start of the next month. If you invoice the customer on June 30 with a Net 10 Prox, it is due as soon as July 10.

You are looking for someone who understands your business and will help you navigate your needs. It’s your money and business on the line. Give us a call at (773)502-5771 to get you on the right track.

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