Payment Terms
The contractually agreed window between invoice issuance and payment due (e.g. Net 14, Net 30).
Payment terms set the window between when an invoice is issued and when payment is due. Net 14 is typical for residential flooring jobs; commercial and builder accounts often run Net 30 or Net 45. Always state payment terms on every estimate and every invoice.
Stricter terms (Net 7 or Due on Receipt) are appropriate for new customers or smaller jobs. Looser terms are a relationship investment with established repeat customers — but only if you actually track aging and follow up.
Aged AR over 60 days is the leading indicator of cash-flow trouble in a flooring shop. A real AR aging report and automated email reminders are the two highest-leverage interventions.