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Understanding 'Net 15' on Invoices: Significance

In the realm of business transactions, understanding the terminology and concepts associated with invoicing is crucial. One such term that often appears on invoices is 'Net 15.' To grasp the significance of this term, it is essential to comprehend its meaning and implications. Furthermore, learning how to implement 'Net 15' in your invoicing process can lead to better cash flow management and foster strong vendor relationships.

What Does 'Net 15' Mean on an Invoice?