How do I know when the payment term of my invoice has expired?

If you choose ‘wait for the client to pay’, your client pays the invoice directly to Finqle, and Finqle pays you once the invoice has been paid.

Payment terms are typically 14 or 30 days, but can sometimes be 45 or 60 days. The average payment term shown at checkout is only an indication and not a guarantee.

Due date

1. Go to your Financial overview in your Profile
2. Go to Invoices
3. Download your sales invoice.
4. The date on the invoice is the day on which your invoice has been received by the client. You can also find the payment term and expiration date on the invoice.

What if the payment term has expired?

Once the payment-term of the invoice has expired, we call this an ‘overdue invoice.’ From this moment onwards, it’s important to grant the client a little bit of extra time. During this time, Finqle will start to send the client payment reminders and investigate why the invoice hasn’t been paid yet.