When an invoice says “due on receipt,” it means that payment is expected immediately after the client receives the invoice. Essentially, the client is expected to pay the invoice as soon as possible, and ideally, within a few days of receiving it.
“Due on receipt” is a payment term that is often used when the work has already been completed and the invoice is being issued. This payment term is commonly used in situations where the freelancer or business requires payment upfront to cover their expenses or to ensure that they get paid promptly.
It’s important to note that “due on receipt” is a relatively strict payment term and may not always be appropriate for every situation. In some cases, clients may need additional time to process the payment or may have their own payment terms that they prefer to follow. Freelancers should make sure that the payment terms are agreed upon by both parties before work begins, to avoid any confusion or misunderstandings.
