Also: net terms · net 30 · net 60 · net 90
Payment terms state when an invoice is due; net 30 means the full amount is due 30 days after the invoice date, net 60 and net 90 mean 60 and 90 days.
Terms are the interest-free loan you extend to each customer. The clock usually starts on the invoice date, not on receipt or approval. Your real terms are whatever you consistently enforce; without follow-up, net 30 becomes net 50 in practice.
Example: 2/10 net 30: a 2% discount if paid within 10 days, otherwise the full amount in 30.
Reeve collects every overdue invoice in your name and shows you exactly where you stand.
Ten minutes to set up. 7-day free trial. Stops the moment they pay.