Trade credit lengths for US supermarkets

Discounts for early payment (which is different, of course) is specified on each invoice, such as 2/10 net 30. In that case, the discount is 2% if paid within 10 days of invoice date. Balance in full is due within 30 days.

Sorry, but I don't know of any time limits on actual trade discounts.

Thank you so much for the information! One follow-up though. I've seen answers ranging from 30-90 days, but i'm not sure if they were trusted sources and 90 days seems like a lot. Do you know if 30 is the industry standard? or if that's more an average? I'm wondering if it ranges based on the size of the supermarket...

I've never dealt with trade discounts, as distinct from a discount for early payment. I went so far as a brief scan of Uniform Commercial Code, and my very old intermediate accounting text and found no reference to a time limit on trade discounts. I did find reference to varying levels of discount based on the size of the order, but nothing based on timely payment.

Just because I didn't find it doesn't mean it doesn't mean it doesn't exist.

A minor clue might be found in the software I used to use. Peachtree Accounting allows the vendor to set up different pricing levels for each customer. Quoted pricing is not dependent on either the size of the order nor time of payment. Also, some businesses, like trucking companies, have a stated rate, and virtually every one gets a discount. For some reason, they think this is better than constantly revising the listed price, or rack rate as it is usually called.

Sorry, aclare. I don't think my replies answer your question. Hopefully, you can find someone in retail who does payables.

Regardless, this was helpful and thank you for the information. I might have been using the wrong term though. I was just trying to find out the average number of days offered in the industry. The industry average is 60 days in the UK. I just noticed your first response of 30 days was an example though and not necessarily an industry standard...