Payment Terms
Suppliers providing goods and services to UC Berkeley are expected to transact invoices and payments with us electronically. We have standardized the channels through which we receive invoices and issue payments and the extent to which suppliers support electronic transactions directly impacts payment terms.
Effective September 15, 2018, the following payment terms will be implemented on all new supplier records.
Payment Terms Matrix
Please note that "Net" in relation to Net 0, Net 30, Net 60, and Net 90 means "Net calendar days."
Invoice Acceptance | Payment Method | Payment Terms | |
---|---|---|---|
Preferred Electronic |
Catalog suppliers: cXML Non-catalog suppliers: Transcepta |
Payment Plus | Net 0 upon final approval |
Traditional Electronic |
Catalog suppliers: cXML Non-catalog suppliers: Transcepta |
Electronic Funds Transfer (EFT) or International Wire Transfer |
Net 30, or if agreed to early early payment discount:
|
Exceptional Manual Combo | Combination of PDF invoice via email and electronic payment | Combination of paper check and electronic invoice | Net 60 |
Exceptional Manual | PDF via email | Paper check | Net 90 |