Shotef Plus Calculator
Enter an invoice date and payment terms to find out exactly when the money will arrive.
What is Shotef Plus and why is it confusing
In Israel, "Shotef Plus" payment terms are the standard. It means: payment is made at the end of the month the invoice was issued, plus a certain number of days. Shotef+30 does not mean 30 days from the invoice date. It means end of the current month plus 30 days.
This confusion causes cash flow problems for freelancers and small business owners. For example, an invoice issued on January 3rd with Shotef+30 terms will be paid on March 2nd. But an invoice issued on January 28th with the same terms will also be paid on March 2nd.
Our tool does the calculation for you. Enter the invoice date, choose the payment terms, and instantly get the exact date the money should arrive in your account.
Frequently Asked Questions
What is the difference between Shotef+30 and Net 30?+
Net 30 means 30 days from the invoice date. Shotef+30 means end of the current month plus 30 days. The difference can be weeks, depending on when in the month the invoice was issued.
What is Shotef without the plus?+
"Shotef" alone means payment is made by the end of the month the invoice was issued. This is the fastest payment term in the Shotef model.
What happens if the invoice was issued on the last day of the month?+
The result is the same as an invoice issued on any other day of that month. Shotef Plus always calculates from the end of the month, not from the invoice date itself.
Does the tool account for holidays and weekends?+
The tool calculates the calendar date only. In practice, if the payment date falls on Shabbat or a holiday, the bank will process the transfer on the next business day.
Shotef+60 or Shotef+90, which is more common?+
Shotef+30 is the most common for small businesses. Shotef+60 is common when working with large companies. Shotef+90 and above is less common and usually negotiable.
