36 lines
1.1 KiB
Markdown
36 lines
1.1 KiB
Markdown
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---
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type: reference
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title: Initech Invoice Terms
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summary: Initech's invoicing and payment terms — net terms, late fees, and preferred payment method.
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tags:
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- type/reference
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- client/initech
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scope: client
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last_updated: 2026-06-18
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date: 2026-06-18
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source: initech
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---
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Initech is on Net 30 terms, invoiced monthly on the 1st for the prior month's work.
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## Payment terms
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- Net 30 from invoice date.
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- A 1.5% monthly late fee applies to invoices unpaid past 45 days.
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- Preferred payment method is ACH; Initech's AP department does not accept credit cards for
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amounts over $2,000.
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- Invoices are addressed to their AP inbox (`ap@initech.example.com`), not to any individual
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contact.
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## Contract notes
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- The current statement of work renews annually in January; renewal notice is due 60 days
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prior per the MSA.
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- Initech's AP team has asked that invoice line items reference their internal cost-center
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code, which changes at their fiscal year start (July).
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## Contacts
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- Primary billing contact: Anne Hardaway (AP lead).
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- Escalations for disputed line items go through their controller, not AP directly.
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