Type payment terms such as "2/10 net 30" or pick a preset, then enter the invoice date and amount. You get the due date, the early-payment discount and deadline, the true cost of not taking the discount and any late fee for a given payment date.
| Terms | Discount deadline | Due date | Pay early |
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Runs entirely in your browser. Nothing is uploaded to any server.
Put the exact due date on every invoice.
Know when an early-payment discount is worth taking.
Work out late fees consistently.
Net terms set how many days the buyer has to pay. Net 30 is the most common for business-to-business invoices, while Net 7 or Net 15 suits small jobs and freelancers.
Early-payment discounts encourage fast payment. They are written as discount % / discount days, followed by the net period, for example 1/10 net 30.
Full amount due in 30 days.
2% off if paid in 10 days.
30 days after month end.
The buyer may take a 2% discount if they pay within 10 days; otherwise the full amount is due within 30 days of the invoice date.
End of month: days are counted from the end of the month in which the invoice is dated. Net 30 EOM on an invoice dated 10 March is due 30 days after 31 March.
Usually. Skipping a 2/10 net 30 discount is like borrowing for 20 days at about 37% a year. Unless your cash costs more than that, paying early saves money.
As simple interest: amount x monthly rate x days late / 30. Check your contract and local law, which may limit late fees.
Payment is expected as soon as the invoice is received, so the due date is the invoice date.
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