What the payment terms mean
- Due on receipt: pay as soon as the invoice arrives.
- Net 30: pay within 30 calendar days of the invoice date. Net 15, Net 60 and Net 90 work the same way.
- EOM: pay by the end of the month the invoice is dated.
- 30 days after EOM: pay 30 days after the end of that month, common with large companies.
Read more in payment terms explained. The invoice generator works out the due date for you when you pick the terms.
Questions
What does Net 30 mean?
The invoice must be paid within 30 calendar days of the invoice date.
Does Net 30 include weekends?
Yes, Net terms count calendar days unless your contract says business days.
What if the due date falls on a weekend?
Many businesses pay on the next working day. Say in your terms if you expect it before.
Which terms should I use?
Shorter terms get you paid faster. Net 14 or Net 15 is common for freelancers; larger companies often ask for Net 30 to Net 60.