Across from where you put the recipient's name and contact info, include the details of your invoice. This placement makes it easy to keep track of vital information — for both you and the recipient. You'll want to include: Invoice Number, Date prepared, Payment due date.
Along with the payment terms, you can specify whether you charge a late fee for invoices paid past their due dates. Some freelancers like this option, to enforce getting paid on time. You may also want to include your tax ID number in this area for tax purposes.