thread: 2012-03-06 : Chad Underkoffler: Freelancing for RPGs
On 2012-03-07, Emily Dresner wrote:
Net-30 is a biling term meaning that the bills are paid on a 30 day invoicing cycle. If a company pays on a net-30 it means they'll pull together all their bills of 30 days and cut checks on a steady billing cycle.
Most gaming contracts either pay on a net-30 (cut a check some time in their 30 day cycle after publication) or on a 45-90 day cycle. Companies that pay on a 45-90 day cycle are not trying to screw freelancers. They are trying to get the balance due as capital payment for their balance sheets for the quarter.
SJG is known for being one of the few companies that pay on a Net-30. Most pay at end of the quarter for tax reasons.
