Net 7 payment terms calculator
Net 7 means payment is due 7 days after the invoice date. Enter your invoice date to get the exact due date.
What does Net 7 mean?
Net 7 is a payment term stating that the full ("net") invoice amount is due 7 calendar days after the invoice date. It's one of the most common ways businesses agree on when an invoice gets paid. Net 7 is common for freelancers and small studios that need fast cash flow on smaller jobs. Counting starts from the invoice date unless your contract says "from receipt" or "from delivery", so spell out which one you mean on the invoice.
Early-payment discounts & late fees
You can pair Net 7 with an early-payment discount written as "2/10 Net 7" — 2% off if the client pays within 10 days, otherwise the full amount is due in 7 days. To discourage late payment, many businesses add a late fee of roughly 1.5% per month on overdue balances. State both the due date and any late-fee policy clearly on every invoice so there's no ambiguity.
Common net payment terms
| Term | Payment due |
|---|---|
| Net 7 | 7 days after the invoice date |
| Net 10 | 10 days after the invoice date |
| Net 14 | 14 days after the invoice date |
| Net 15 | 15 days after the invoice date |
| Net 21 | 21 days after the invoice date |
| Net 30 | 30 days after the invoice date |
| Net 45 | 45 days after the invoice date |
| Net 60 | 60 days after the invoice date |
| Net 90 | 90 days after the invoice date |
| Net 120 | 120 days after the invoice date |
Send a Net 7 invoice
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Create a free invoiceFrequently asked questions
What does Net 7 mean?
Net 7 means the full invoice amount is due 7 calendar days after the invoice date. Add 7 days to the issue date; the exact calendar date depends on the month and year.
How do I calculate a Net 7 due date?
Add 7 days to the invoice date. The calculator above does it for you — pick your invoice date and it shows the exact due date.
What is "2/10 Net 7"?
It's an early-payment discount: the client can take 2% off if they pay within 10 days, otherwise the full amount is due in 7 days. Adjust the numbers to set your own discount.
Can I charge a late fee on Net 7 invoices?
A late fee may be allowed when your contract and applicable law permit it. State the fee clearly before the work begins and verify local limits instead of assuming a standard percentage is enforceable.