Setting Payment Terms
Understanding payment terms like Net 30, Net 60, and Due on Receipt.
Last updated: January 4, 2025
Payment terms tell your client when payment is due. Choose terms that balance cash flow with client relationships.
Available Payment Terms
- Due on Receipt: Payment due immediately upon receiving the invoice
- Net 15: Payment due within 15 days of the invoice date
- Net 30: Payment due within 30 days (most common for B2B)
- Net 60: Payment due within 60 days (for larger clients or contracts)
- Net 90: Payment due within 90 days (enterprise clients)
- Custom: Pick a specific due date with the date picker
How to Set Payment Terms
- When creating an invoice, find the terms dropdown next to the due date
- Select your preferred term
- The due date automatically calculates from the invoice date
New invoices start on Upon Receipt; change it per invoice.
Pro Tip: Offer shorter terms (Net 15) for new clients to improve cash flow.
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