Invoice Business Payment Terms

The invoice template must include terms of payment to state the time in which the invoice should be paid and by what method.

Typical payment terms would be 30 days from the date of the invoice, or any other time period agreed with the customer.

The method of payment could be cheque, cash, or bank transfer. The invoice should give the payment address for cheques and the bank account details of the business if bank transfer is required or an option.

There may be penalties specified for late payment.