Payment Terms — Legal deadlines and contractual conditions
Payment terms define the period within which the buyer must pay the invoice. Stated on every invoice, they can be agreed between parties but cannot exceed the legal maximum.
Definition
Payment terms define the period within which the buyer must pay the invoice. Stated on every invoice, they can be agreed between parties but cannot exceed the legal maximum.
Details
Legal deadlines in MK: B2B — maximum 60 days (30 days if not agreed otherwise). Public institutions — 60 days. Common terms: net 15 (pay within 15 days), net 30, net 60. After expiry — right to late interest. Levka automatically tracks deadlines and notifies you.
Example
Invoice issued on 01.03.2026 with 'net 30' terms — the client must pay by 31.03.2026. If unpaid, late interest starts from 01.04.