Invoice Date
Invoice ComponentsThe date when the invoice is issued.
Detailed Explanation
The invoice date is when the invoice is created and issued to the customer. This date is crucial because it's the starting point for calculating payment terms (Net 30, Net 60, etc.) and determines when payment is due. It's also important for accounting periods, tax reporting, and tracking accounts receivable aging. The invoice date should reflect when goods were delivered or services completed, or shortly thereafter.
Examples
- Invoice dated January 1st with Net 30 terms means payment is due January 31st
- The invoice date determines which accounting period the revenue is recorded in