Payment terms specify how long your client has to pay your invoice. The most common terms in Australia are Net 7 (pay within 7 days), Net 14 (14 days), and Net 30 (30 days).
Research consistently shows that shorter payment terms result in faster payment. Net 7 gets paid faster than Net 30 on average. Including bank details (BSB/PayID) also significantly reduces the time to payment — see our guide on adding BSB and PayID to invoices.
Always specify the exact due date on your invoice (e.g. “Due by 15 April 2026”) rather than just “Net 14”. This removes ambiguity about when the clock starts.