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.
How Invco helps
Invco is an AI invoicing assistant that handles due on receipt and the rest of your billing for you. Design a custom invoice template, then let Claude create and send invoices on it in plain English — with subtotals, tax, and totals calculated automatically and every invoice tracked from sent to paid. Start free with one company.
- Related terms: Net 15, Payment terms
Frequently asked questions
What is due on receipt?
“Due on receipt” means payment is expected immediately, as soon as the client receives the invoice.
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
Let an AI assistant create and send your invoices on a template that looks like your brand. Start free with one company — no credit card required.
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