What are invoice payment terms?
An example of an AI chatbot conversation about invoice payment terms and their importance.
What are invoice payment terms?
Invoice payment terms specify the conditions under which a buyer must pay a seller for goods or services.
Can you explain some common payment terms?
Sure! Common payment terms include Net 30, Net 60, and Due on Receipt, which indicate when payment is expected.
What does Net 30 mean?
Net 30 means the full invoice amount is due 30 days after the invoice date.
Why are payment terms important?
Payment terms help manage cash flow, set expectations, and reduce the risk of late payments.
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