Dating of invoices

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Welcome to AccountantAnswer Forum, where you can ask questions and receive answers. Although you need not be a member to ask questions or provide answers, we invite you to register an account and be a member of our community for mutual help. You can register with your email or with facebook login in few seconds. You can register with your email or with facebook login in few seconds Get AccountantAnswer App. Should an invoice be accounted based on the invoice date in which it is issued or the date the invoice is received? Invoice date is 1 April, date received is 31 March, and expense is for the month of February.
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Is it legal for a company to alter the date on an invoice? | Yahoo Answers

Knowing how to calculate invoice due dates correctly saves your company money on late fees and lost discounts. Missing due dates on a regular basis can also hurt your company's credit rating, making it harder to get financing in the future. Each vendor may have its own payment terms, so you must check the invoices individually. The vendor should list its payment terms somewhere on the face of the invoice. Straight billing terms with no discounts are typically noted as "Net" and the number of days until payment is due. For instance, "Net 30" terms indicate that the net amount of the invoice is due 30 days after the invoice date.
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Payment Terms Examples

An invoice , bill or tab is a commercial document issued by a seller to a buyer , relating to a sale transaction and indicating the products , quantities, and agreed prices for products or services the seller had provided the buyer. Payment terms are usually stated on the invoice. These may specify that the buyer has a maximum number of days in which to pay and is sometimes offered a discount if paid before the due date. The buyer could have already paid for the products or services listed on the invoice. From the point of view of a seller, an invoice is a sales invoice.
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Chasing clients for money is uncomfortable for many small business owners and it can also eat up their precious time. Fortunately, there are ways to write and send your overdue invoice letter that can make the process less painless and encourage your clients to pay you faster. Need an invoice template? FreshBooks has free downloadable invoice templates for small businesses. Make it easy for the customer to remember what invoice they need to pay and how to make the payment.
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