“Net 15” is a payment term commonly used in business invoicing, which means that the payment for an invoice is due within 15 days of the invoice date.
When a freelancer or business includes “Net 15” on an invoice, it is letting the client know that payment is expected within 15 days of the invoice date. For example, if an invoice is dated February 1 and includes “Net 15” payment terms, the client is expected to pay the invoice by February 16.
It’s important to note that “Net 15” is just one of many payment terms that can be used on an invoice. Other common payment terms include “NET 30” (due in 30 days), “due on receipt” (due immediately), and “payment in advance” (payment required before work begins). The payment terms should be agreed upon by both the freelancer and the client before work begins, and should be included on the invoice to avoid any confusion or delays in payment.