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