# Payment terms & due dates

> 2/10 net 30 is borrowing at 37% a year. This tells you whether to take the discount.

Source: https://lopifi.com/tools/terms
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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- **Group:** Dates

## Inputs

- `date` — Invoice date
- `terms` — Terms (Net 30 · 2/10 net 30 · 2/10, n/30 · Net 10 EOM · 15 MFI · Due on receipt)
- `amount` — Invoice amount
- `cost` — Your cost of funds % (What borrowing the cash for those extra days would cost you a year, such as your credit line's rate.)
- `currency` — Currency (ISO 4217 code — sets the decimals: JPY 0, USD 2, KWD 3.)

Runs entirely in the browser: no network call, no data leaves the page. The same definition powers the Lopifi Tools Chrome extension.