End of the month dating method dating chch new zealand
Two common methods of ordinary dating are 2/10, n/30 and 2/10, 1/15, n/30. Heres the translation Read "2/10, n/30" as "two ten, net thirty" and "2/10, 1/15, n/30" as "two ten, one fifteen, net thirty." Our examples will help you see what these terms mean.Lets start with an example using the second method of dating.
Month(E1) 1 will return the month portion of the date and advance it to the next month.
We will use the days-in-a-year method to determine the date since 15 days will go past the end of the month.
In the receipt of goods (ROG) dating system, the cash discount period begins when the buyer receives the goods.
Use the days in the month method to figure out the date.
May 19 This means a 1% cash discount is given if the invoice is paid between Day 10 and Day 15 after the date on the invoice.
The final argument, the 1 will select the first day of the next month.