Category:
Marine Corps

Subcategory:
Payment Status

Created:
2015-11-09

Modified:
2015-11-09

Payment status

Question

myInvoice lists my scheduled pay date as net 30 but I'm a small business.

Answer

Even as a small business, your payment is still subject to the Prompt Payment Act so the due date will show as net 30.  However, the current Executive Order authorizes an earlier payment once all mandatory requirements are met (i.e. Prevalidation).

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