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A comment on Ask HN: What mistakes did you make when starting as a consultant/freelancer?. Parent comment

Re:Ask HN: What mistakes did you make when starting as a con... by aliswe on Saturday December 07, 2019 @05:37AM (#21729531)
> Clients usually pay net 30 - 60

What do you mean by this?

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Re:Ask HN: What mistakes did you make when starting as a con... by chiph on Saturday December 07, 2019 @06:30AM (#21729708)
You'll also see terms like "2/10 net 30", which means if the client pays in 10 days, they get a 2% discount. Otherwise payment in full is expected by day 30. Your accountant would have a "Sales Discount" account to record it as an expense if they get you the check early.
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Re:Ask HN: What mistakes did you make when starting as a con... by devIO on Saturday December 07, 2019 @05:59AM (#21729606)
Most large companies (b2b only?) request 30 to 60 days to pay an invoice. You don’t send an invoice and get your money right away.
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