Document Type
Purchase Orders
A purchase order is the buyer's offer, and it becomes a contract when the vendor accepts. The number on it is what makes three-way matching possible: purchase order against receiving record against invoice. The generator here produces a properly numbered PO with buyer, vendor, ship-to, line items, and terms.
Start With the Purchase OrderOne generator covers the job. It numbers the order so the vendor invoice that follows has something to be matched against.
The Full List
The Purchase Order Generator
Every generator →Sourced Figures
The Numbers Behind Purchase Orders
How we check these →Every figure below carries the official source it came from and the month we last checked it. These are the same tables the generators in this category print against.
Late Fees and Payment Terms: What Is Typical
Conventions, not legal maximums. Several states cap late-fee interest through usury or prompt-payment statutes; check your state before charging above the typical range.
| Term | Typical practice | Notes |
|---|---|---|
| Net 30 | Payment due 30 days from invoice date | The default B2B term in the US; Net 15 and Net 60 are the common variants |
| Late fee | 1% to 1.5% per month (12% to 18% per year) | Must be stated on the invoice or in the contract before it can be charged |
| Grace period | 5 to 10 days is common courtesy | Not required by law; put it in writing if you offer one |
| Government work | 30 days, then interest accrues automatically | Federal Prompt Payment Act; most states have an equivalent for public contracts |
| Early-payment discount | 2/10 net 30 (2% off if paid in 10 days) | Worth stating explicitly as a line under the total |
Source: Federal Prompt Payment Act (31 USC 39); state prompt-payment and usury statutes · checked 2026-08
These generators produce general-purpose documents, not legal, tax, or accounting advice. Browse all generators → · How they are built and checked →