Are Invoiced in Arrears?

Billing in arrears simply means that you bill your customers after the job is complete. ... You may have also heard it referred to as “invoice in arrears,” “paid in arrears,” or “arrears billing.” (Do note that “arrears” is another term used in accounting to refer to payments that are late or overdue.)

What does invoiced in arrears mean?

Billing in arrears refers to charging customers after they've already received the good or service. For example, if you're a graphic designer you might submit your invoice after you've already completed a project for the client. This carries certain benefits, including greater billing accuracy.

Is it in arrear or in arrears?

Payment at the end of a period is referred to by the singular arrear, to distinguish from past due payments. For example, a housing tenant who is obliged to pay rent at the end of each month, is said to pay rent in arrear, while a tenant who has not paid rental due for 30 days is said to be one month in arrears.