---
type: reference
title: Initech Invoice Terms
summary: Initech's invoicing and payment terms — net terms, late fees, and preferred payment method.
tags:
  - type/reference
  - client/initech
scope: client
last_updated: 2026-06-18
date: 2026-06-18
source: initech
---

Initech is on Net 30 terms, invoiced monthly on the 1st for the prior month's work.

## Payment terms

- Net 30 from invoice date.
- A 1.5% monthly late fee applies to invoices unpaid past 45 days.
- Preferred payment method is ACH; Initech's AP department does not accept credit cards for
  amounts over $2,000.
- Invoices are addressed to their AP inbox (`ap@initech.example.com`), not to any individual
  contact.

## Contract notes

- The current statement of work renews annually in January; renewal notice is due 60 days
  prior per the MSA.
- Initech's AP team has asked that invoice line items reference their internal cost-center
  code, which changes at their fiscal year start (July).

## Contacts

- Primary billing contact: Anne Hardaway (AP lead).
- Escalations for disputed line items go through their controller, not AP directly.
