Every invoice needs to say when it's owed. In Cornerspot you control that with two fields on the invoice form: Payment terms, which Cornerspot uses to compute the due date when you finalize, and an optional Due date that lets you set an exact date instead. This guide shows you how to set both, and explains how the due date drives everything from the Due column to overdue status and reminder emails.
Payment terms vs. due date
The two controls work together:
- Payment terms are a relative window — Due on Receipt, Net 15, Net 30, Net 45, Net 60, or Net 90 — and default to Net 30. When you finalize the invoice, Cornerspot computes the due date by adding the term's days to the issue date (so Net 30 means 30 days after it's finalized).
- The Due date field sets an exact calendar date. As its hint says, it “Overrides the computed due date from terms.” Use it when a customer has agreed to a specific date that doesn't line up with your standard terms.
How to set payment terms and a due date
You set both on the invoice form while the invoice is still a draft.
1. Open the Invoices page
From the dashboard, select Invoices in the left-hand menu (under Members & Billing), then click New Invoice in the top-right to open the invoice form. (You can also edit terms and the due date on an existing draft — more on that below.)
2. Start the invoice
The New invoice form opens with the Customer, Currency, Payment terms, Due date, and Notes fields, followed by the line-items section. Payment terms start at Net 30 by default.
3. Fill in the customer and a line item
Choose the Customer you're billing — Cornerspot fills the Currency in for you — and add at least one line item under Line items so the invoice has something to bill. With those in place, you're ready to set when it's due.
4. Choose the payment terms
Open the Payment terms dropdown and pick the window you want — Due on Receipt, Net 15, Net 30, Net 45, Net 60, or Net 90. Cornerspot will use this to compute the due date the moment you finalize the invoice, so if you're happy with terms-based timing you can leave the Due date field empty.
5. (Optional) Set an explicit due date
To pin the invoice to an exact date instead, fill in the Due date field. Its hint reminds you that this “Overrides the computed due date from terms.” — so whatever date you pick wins, regardless of the selected term.
6. Save the draft
When everything looks right, click Create Draft Invoice. Cornerspot saves the invoice as a draft and opens its detail page.
7. Confirm the terms and due date
On the invoice's detail page, the Invoice metadata card shows the Due date and Terms you set. The due date also appears in the Due column on the Invoices list and on the lifecycle timeline.
What the due date controls
The due date isn't just a label — it drives several behaviors:
- Overdue status: An Open invoice automatically flips to Overdue once its due date passes without full payment.
- The Due column: The Invoices list shows each invoice's due date so you can scan for what's coming up or past due.
- The lifecycle timeline: The due date appears alongside the invoice's progress on its detail page.
- Reminder emails: When you send a payment reminder, it references the due date to prompt the customer to pay on time.
Editing terms and due date later
You can still change the payment terms and due date on a draft from its edit page — open the draft and click Edit. Once an invoice is finalized it's locked: to change anything you void it and create a fresh draft. Because terms only compute the due date at finalize time, double-check both before you finalize.