Does Net 30 mean 30 business days or calendar days?

Calendar days unless your contract explicitly says "business days." An invoice dated August 1 with Net 30 is due August 31, even if that falls on a weekend, though most clients pay on the next business day.

Can I change payment terms on a repeat client?

Yes, but give notice before the next invoice cycle. Send an email explaining the change (e.g., Net 30 to Net 15) and update your contract or statement of work. Retroactive changes on an already-issued invoice are not enforceable without client agreement.

What is EOM and when should I use it?

EOM (End of Month) means payment is due on the last day of the month the invoice was issued. An invoice sent August 12 is due August 31; one sent August 29 is also due August 31. Use EOM when the client batches all vendor payments on the last business day of each month.

Is 2/10 Net 30 worth offering?

It depends on your cash needs. If you would otherwise wait 30 days, giving up 2% to get paid in 10 can be worthwhile. If clients always pay on Day 28 anyway, the discount costs you money with no benefit. Track who takes the discount for three months before keeping it.

Should I charge late fees automatically?

Include the clause on every invoice, but apply fees carefully. Many freelancers waive the first late fee as a goodwill gesture, then enforce on repeat offenders. Automatic charges without warning can damage client relationships. Send a reminder at Day 7 overdue before adding interest.

Invoice Payment Terms Explained: Net 30, Net 15, and When to Use Each

What Net 30 actually means, how 2/10 Net 30 discount math works, a comparison table of common terms, client-type recommendations, late-fee wording, and a payment-terms email you can copy.

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