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Payment Terms
Due Date
Definition
The date by which payment must be received.
Overview
The due date is the deadline for payment. It's calculated based on the invoice date and payment terms (e.g., Net 30 from invoice date).
Example
Invoice date: January 15. Payment terms: Net 30. Due date: February 14.
Best Practices
Always include a clear due date on invoices. Send reminders before and after the due date.
Common Mistakes to Avoid
Not calculating due dates correctly
Not highlighting due dates on invoices
Missing follow-ups
Frequently Asked Questions
Should I include a specific date or just 'Net 30'?
Include both the terms and the calculated due date for clarity.