What due on receipt means
Due on receipt means the invoice is payable as soon as the customer gets it, with no grace period.
Also called payment due on completion.
Where it shows up in your business
It is the norm for residential service work. Being able to take payment at the door, by card or a pay link, is what makes due on receipt actually mean today.
Work it out
- Free template: Invoice template
- Money guide: Payment terms and net 30
- Money: Money guides for contractors