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What does EOAP mean?
March 24, 2023
Q. What does the term EOAP + N90 mean? Would you explain what type of payment term this is? I'm not familiar with "EOAP." Should I avoid this and ask for lower terms? How is this different from N30, N60, N90?
A.
(Answered by the IOFM Advisory Panel)
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A quick search on Google defines EOAP as "End of Accumulation Period." End of Accumulation Period (EOAP) is an accounting policy that shifts to one payment run instead of multiple payments within a given month. And an end of accumulation…
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