Question 1

What does Net 30 mean?

Accepted Answer

Net 30 means the full invoice amount is due within 30 calendar days of the invoice date. It's the most common payment term for business-to-business transactions.

Question 2

What payment terms should I use?

Accepted Answer

For freelancers and small businesses, Net 15 or Net 30 is ideal. Use shorter terms for new clients and longer terms for established relationships. Consider requiring deposits for large projects.

Question 3

What if a client doesn't pay by the due date?

Accepted Answer

Send a polite payment reminder on the due date, then a follow-up after 7 days. If payment is still outstanding, you may apply late fees as per your stated terms.

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