Due Date on Invoices: Importance and Management
Posted: Tue Dec 17, 2024 8:20 am
We tell you the most important details you should keep in mind regarding invoice due dates. Find out how it affects your processes and what aspects you should monitor and manage in an orderly manner.
Although it is not mandatory, it is recommended that the due date appear on the invoice.
There is an anti-late payment regulation for commercial transactions that limits the maturity period to a maximum of 60 days.
The due date of invoices is a very important detail. Sometimes it is almost determined by custom, other times it is set by negotiation; but it is always a significant moment in the relationship between supplier and client.
The due date of your invoices is very important. Make a note of everything you need to pay attention to so you don't miss it!
Therefore, it is necessary to understand cape verde email list it in order to face some of the most relevant milestones both in internal processes and in the relationship with third parties . The first thing is to put it in context with an extensive calendar of dates that can influence your invoices .
These are the main dates that influence the presentation of invoices:
Date of completion of the transaction : moment in which the good is understood to have been delivered or the service provided.
VAT accrual date : the date on which the obligation to pay the tax arises. It usually coincides with the date on which the transaction is carried out. The main exception is advance payments , which also anticipate the accrual.
Shipping and receiving dates : used when an operation with transportation obligations on the part of the supplier occurs.
Settlement date : the date on which the amount to be paid is determined.
Due date : the date indicated for making the payment.
Payment date : this may coincide with the due date, be anticipated or delayed. From a VAT perspective, a payment is considered to be in advance when it occurs before the taxable event takes place. In a commercial sense, a payment that occurs before the due date or is agreed upon earlier than usual may be considered in advance.
Invoice issue date : the date on which the invoice was issued. Normally, this will coincide with the date on which the transaction was carried out. In any case, when the recipient is a business or professional, you have until the 16th of the month following the month on which VAT is due.
Although it is not mandatory, it is recommended that the due date appear on the invoice.
There is an anti-late payment regulation for commercial transactions that limits the maturity period to a maximum of 60 days.
The due date of invoices is a very important detail. Sometimes it is almost determined by custom, other times it is set by negotiation; but it is always a significant moment in the relationship between supplier and client.
The due date of your invoices is very important. Make a note of everything you need to pay attention to so you don't miss it!
Therefore, it is necessary to understand cape verde email list it in order to face some of the most relevant milestones both in internal processes and in the relationship with third parties . The first thing is to put it in context with an extensive calendar of dates that can influence your invoices .
These are the main dates that influence the presentation of invoices:
Date of completion of the transaction : moment in which the good is understood to have been delivered or the service provided.
VAT accrual date : the date on which the obligation to pay the tax arises. It usually coincides with the date on which the transaction is carried out. The main exception is advance payments , which also anticipate the accrual.
Shipping and receiving dates : used when an operation with transportation obligations on the part of the supplier occurs.
Settlement date : the date on which the amount to be paid is determined.
Due date : the date indicated for making the payment.
Payment date : this may coincide with the due date, be anticipated or delayed. From a VAT perspective, a payment is considered to be in advance when it occurs before the taxable event takes place. In a commercial sense, a payment that occurs before the due date or is agreed upon earlier than usual may be considered in advance.
Invoice issue date : the date on which the invoice was issued. Normally, this will coincide with the date on which the transaction was carried out. In any case, when the recipient is a business or professional, you have until the 16th of the month following the month on which VAT is due.