Quick question, what is the normal interpretation of payment terms of "30 days end of month"?
I must admit I didn't read this too carefully before I signed (my own fault, of course), and since the client paid the first invoice within a month, I hadn't noticed anything odd. But the next invoice seemed overdue, and when I enquired I was told that this meant that for work done in April and invoiced in May, I wouldn't get paid until end of June (so effectively 60 days from invoice date).
Is this pretty normal? My last couple of contracts this has never been an issue. I've got no concerns about the client not paying, just means a bit of a squeeze for cash this month...
It just seems a little sneaky to me, since the client insists I invoice for a month at a time. So if I submit a timesheet at the end of the last friday of the month, the turnaround time for it to be approved and my umbrella to invoice will normally be at least a working day, pushing me in to the next month. It would be a lot more honest just to be upfront and say "60 days from invoice", no?