Payment terms

Set your invoice payment terms

Choose when each invoice is due, on receipt or net 7, 14, 30, 45 or 60 days, and Sendinvo works out the due date from the issue date for you. The term is shown on the invoice so your client knows when to pay, and every reminder counts from that date.

Your first 3 invoices are free to send, no card needed.

How it works

Pick a term, and the date takes care of itself

1

Pick a term

Choose due on receipt, or net 7, 14, 30, 45 or 60 days, whichever suits the client and the job.

2

We date it for you

Sendinvo adds the term to the issue date and fills in the due date, so there’s no counting on your fingers.

3

Your client sees the term

The term and the due date sit on the invoice and its PDF, so there’s no doubt about when payment is expected.

4

Reminders count from it

The due date is the line your reminders and the overdue status count from, so chasing starts on the right day.

The details

Net 30, net 14, or due on receipt

Payment terms tell your client how long they have to pay, and they set the clock for everything that follows. Sendinvo keeps the list simple and standard so there’s no ambiguity: due on receipt, or net 7, 14, 30, 45 or 60 days.

What net 30 actually means

Net 30 means the invoice is due 30 days after its issue date. Pick net 30 and Sendinvo sets the due date to 30 days on from the day you issue the invoice, net 14 gives you a fortnight, and due on receipt asks for payment straight away. You choose the term, and the maths is done for you.

The due date follows the issue date

The due date is always the issue date plus the term, so the two move together. Change the issue date and the due date shifts with it, which is worth remembering when you write up work after the fact with a backdated invoice: the term still counts from whichever issue date you set.

Terms drive your chasing

Because the due date is where your reminders and the overdue status count from, the term you pick decides when a friendly nudge goes out and when an invoice is flagged late. If a client runs past their terms, you can add late payment interest on top.

Questions

Good to know

What payment terms can I set?

Choose from due on receipt, or net 7, 14, 30, 45 or 60 days. Sendinvo works out the due date from the issue date, so you pick the term and it fills in the date.

What does net 30 mean on an invoice?

Net 30 means payment is due 30 days after the invoice’s issue date. Pick net 30 in Sendinvo and the due date is set to 30 days on from the date you issue the invoice, then shown on the invoice for your client.

How is the due date worked out?

Sendinvo adds the term to the issue date: net 14 issued on the 1st is due on the 15th. Change the issue date and the due date moves with it, because it’s always the issue date plus the term.

Does the payment term affect reminders?

Yes. The due date is the date your reminders and the overdue status count from, so the term you choose sets when chasing begins.

Where does the client see the payment term?

The term is shown on the invoice and its PDF, so your client knows when to pay without having to ask.

Set your terms, and let the dates sort themselves.

Start free, pick a term for each invoice, and Sendinvo works out the due date and counts every reminder from it.