What are the common terms used in invoices?
An example of an AI chatbot conversation about invoice terms and their meanings.
What are the common terms used in invoices?
Common invoice terms include 'net due', 'payment terms', 'invoice date', and 'line item'. Would you like to know more about any specific term?
What does 'net due' mean?
'Net due' refers to the total amount that must be paid by the due date, excluding any discounts or deductions.
Can you explain 'payment terms'?
'Payment terms' specify the conditions under which a buyer must pay the seller, including the due date and any discounts for early payment.
What is an 'invoice date'?
The 'invoice date' is the date when the invoice is issued, marking the start of the payment period.
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