Financial & invoicing terms explained
Payment terms
Payment terms describe when payment is due and any discounts or penalties.
Net terms
Net 30 means due 30 days from the stated starting point—define whether that is invoice date or receipt.
Milestones and retainers
Split terms across deposits, progress, and final completion to match project risk.
International sales
Add currency, wire instructions, and who bears transfer fees.
Payment terms — FAQ
- Net 30 from which date?
- Define invoice date vs receipt—contract wins.
- Deposits?
- Milestone terms split risk—state them explicitly.
- Early pay discounts?
- Show discount deadline and net amount.