Credit Period Calculator

Credit Period Calculator calculator can be used to determine the number of days a customer has to pay their invoice after the invoice date. This helps in managing cash flow and understanding customer payment behavior.

Input Parameters

Calculation Results

Calculation Formula

Credit Period = Payment Date - Invoice Date

Where:
Invoice Date: The date the invoice was issued.
Payment Date: The date the payment was received.

Results

Credit Period (days): 0

Payment Status: -

Credit Period Calculator Calculator Usage Guide

Learn how to use the Credit Period Calculator calculator and its working principles

How to Use the Calculator

  1. Enter the Invoice Date when the invoice was issued.
  2. Enter the Due Date by which payment is due.
  3. Enter the Payment Date when the payment was actually received.
  4. Click the Calculate button to see the credit period and payment status.

Understanding the Results

The calculator provides two main results:

  • Credit Period (days): The number of days between the invoice date and the payment date.
  • Payment Status: Indicates whether the payment was on time, slightly late, or significantly late.

Example

If the invoice date is January 1, 2023, and the payment date is January 15, 2023, the credit period would be 14 days.