Glossary

Net 60 Payment Terms

Written by Matt Rickerby | Jul 23, 2021 12:43:00 PM

What does net 60 payment terms mean?

Net 60 means the customer has a 60-day period to pay for their goods or services before the bill is past due. It is best practice for a business to get net terms in writing when signing a contract with new clients, and include language on your invoicing that explains when payment is due (and what happens with late payments).