What are the standard payment terms for invoices?
An example of an AI chatbot conversation about invoice payment terms.
What are the standard payment terms for invoices?
Standard payment terms for invoices typically range from 30 to 60 days, but it can vary by industry.
Can you explain what net 30 means?
Net 30 means the full invoice amount is due 30 days after the invoice date.
What happens if I miss the payment deadline?
If you miss the payment deadline, you may incur late fees or interest charges, and it could affect your credit.
Are there any common discounts for early payments?
Yes, many businesses offer discounts for early payments, such as 2% off if paid within 10 days.
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