What net 30 means
Net terms set how many days after the invoice date the customer has to pay. The number after the word net is the number of days until the full amount is due.
Also called net terms, net 15, net 60.
Where it shows up in your business
Homeowners usually pay on completion; commercial clients and property managers expect net terms. Put the terms and any late fee on the estimate and the invoice, and send a reminder before the due date, not after.
Work it out
- Free calculator: Break-even calculator
- Free template: Invoice template
- Money guide: Payment terms and net 30
- Money: Money guides for contractors