More likely you will see terms like Net 30, 2% 15 meaning if you wait for 30 days to pay, then you owe the full amount, but if you pay in 15 days, you can deduct the 2%. Too many retailers get burned trying to run their business from the P&L statement.
The P&L statement reports what happened during a specific time period. The more time you have to pay an invoice, the better your cash flow.
When you place your order for merchandise (inventory) in your store, it will come with specific terms for payment of the invoice.
These terms are often referred to as "dating." An invoice will contain the time frame in which you must pay the bill.
Thanks for the prompt and helpful reply, Montana Karl!