Glossary
What is overdue invoice?
An overdue invoice is one that hasn't been paid by its due date.
Once the due date passes, the amount is still owed but now late. Most unpaid invoices are paid after a reminder or two, so the first few days after the due date matter most.
Example
An invoice dated 1 March on 14 day terms is due 15 March. If it's unpaid on 16 March, it's overdue.
In Australia
Australian law doesn't set a standard due date for business invoices. The due date comes from the terms you agreed with the customer.
General information only, not legal or financial advice.