Invoice Dates

The date you enter on your invoice is significant because a variety of calculations result from that date:

  • The invoice date is coordinated with the criteria you enter in the Terms field to help QuickBooks determine when the customer payment is due.

  • The invoice due date is considered when QuickBooks produces Accounts Receivable Aging Reports, which show overdue customer payments in increments of 30 days, 60 days, 90 days, and so on.

  • The invoice date is significant when you issue statements to customers and assess finance charges. When you set Finance Charge Preferences, you must indicate whether finance charges are to be assessed based on the date of the invoice or the due date based on the terms you indicated.

  • The invoice date combined with the payment terms you set determine when the invoice appears in your Reminders window as being overdue.

So, take extra care when you write invoices, knowing the date you put on an invoice has myriad implications throughout your QuickBooks program.

See Also

See the following related topics for more information on coordinating the invoice date with various QuickBooks functions:

  • "Set Finance Charge Preferences" later in this chapter

  • "Creating Payment Terms" in Chapter 10, "Miscellaneous QuickBooks Features"

  • "Preparing Accounts Receivable Aging Summary Report" in Chapter 18, "Preparing the Top Ten QuickBooks Reports"

  • "Creating a Monthly Statement" later in this chapter

Show Me. QuickBooks 2006
Show Me QuickBooks 2006
ISBN: 0789735229
EAN: 2147483647
Year: 2005
Pages: 328
Authors: Gail Perry © 2008-2017.
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