Quick answer
Net 7 usually means payment is due 7 calendar days after the invoice date. If the wording says 7 business days, weekends are normally skipped and public holidays may also be excluded.
How to use it
Start with the invoice date, then confirm whether the payment term says calendar days, business days, working days, or month-end terms. Use the calculator when you need to check the actual due date.
Common mistake
The most common mistake is treating net 7 as 7 business days. That can move the expected payment date by several days or more.
FAQs
Does net 7 include weekends?
Usually yes. Net 7 normally means 7 calendar days unless the invoice or contract says business days or working days.
Is net 7 the same as 7 business days?
No. Net 7 is usually calendar days. 7 business days skips weekends and may also skip public holidays.
What should I check before chasing payment?
Check the invoice date, payment term wording, contract, purchase order, and whether the due date falls on a weekend or public holiday.