Common Invoice Payment Termonology
From Free Knowledge Base- The DUCK Project: information for everyone
Net Terms
Often stated as Net-7 or Net-30, but can be Net + dash + any number of days. Common net terms are: 7, 30, 60, and 90 days. This means that payment is due that number of days after the invoice date.
Net Monthly
Payment due on last day of the month following the one in which the invoice is dated.
