Invoice terms

Thanks for posting here in the Community today. Now that I'm here, I'll share some details about the invoice terms in QuickBooks Online (QBO) to ensure you're using the right one for your invoices.

One of the most common payment terms, Net 30 days (or “N/30″), means that a buyer must settle the account within 30 days of the date listed on the invoice. It’s important to remember that 30 days is not equivalent to one month. If your invoice is dated March 9, clients are responsible for submitting payment on or before the 8th day of April.

Like Net 30 invoice term, 1.5/10 Net 30 requires your buyers to pay within no more than 30 days of the receipt. However, this payment type offers a discount of 1.5% for clients who submit payments within the 10th day of the month. If your customer has sufficient cash flow, they may opt and pay their invoices early to reduce costs over the long term.

In addition, here's an article to help you manage your payment terms in QBO: How to Adjust Invoice Payment Terms in QuickBooks Online.

You can also check this page if you'd like to personalize your invoices and match them with your business here in QBO: Customize invoices, estimates, and sales receipts in QuickBooks Online.

In case there's anything else that you'd like me to help you with or need assistance performing specific tasks in QuickBooks. Know that you can always get back to me anytime by clicking the REPLY button below. I'll be glad to lend you further assistance in sorting your queries. Take care, and have a great weekend!