Definition
Net 15 is a payment term meaning the full invoice amount is due 15 calendar days after the invoice date. It is popular with freelancers and small businesses because it is short enough to protect cash flow while still giving the client a reasonable window to process payment.
Net 15 in practice
Net 15 works best when the invoice is sent immediately after delivery and the client has already approved the work. Large companies with monthly payment runs may struggle to meet it, so confirm the client's process first.
Frequently Asked Questions
Is Net 15 reasonable for a new client?
Yes, as long as you state it before starting. Pair it with a deposit for larger projects, and consider Net 30 for enterprise clients with slow accounts payable cycles.