Invoicing glossary
Due on receipt
“Due on receipt” means payment is expected immediately, as soon as the client receives the invoice.
Due on receipt: a clear definition
It's the fastest payment term and is common for one-off jobs, new clients, or smaller amounts. Because “immediately” can be ambiguous, many businesses pair it with a short grace period (such as “due within 3 days”) so expectations are clear.
Due on receipt in Invco
Put “Due on receipt” in the payment terms and set the due date to the invoice date, or a few days later if you allow a grace period. Both appear on the PDF your client receives.
Invco is invoicing software for people who run more than one company. Design your own invoice template or upload your existing invoice PDF, and Invco calculates subtotals, tax and totals, numbers each invoice sequentially and emails it as a branded PDF from your own address. Plans from $10/month.
Frequently asked questions
What is due on receipt?
“Due on receipt” means payment is expected immediately, as soon as the client receives the invoice.
How do I make an invoice due on receipt in Invco?
Put “Due on receipt” in the payment terms and set the due date to the invoice date, or a few days later if you allow a grace period. Both appear on the PDF your client receives.
What is Net 15?
Net 15 is a payment term meaning the full invoice amount is due within 15 days of the invoice date.
Invoice the easy way with Invco
Design your invoice template, send branded PDFs from your own email address, and see what's paid and overdue for every company. Plans from $10/month, with a full refund within 7 days.
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