Therefore our Net30 customer would technically need to pay the invoice by June 10th.
(our account is trying to increase cash flow) Our account argues this is ok since the accounting dept at the customer will call the buyer and ask if the service was completed.
Have you, by chance, noticed that any/most of your customers pay past 30 days?
I'm just curious, because from an A/P perspecitve, I would pay your invoice 30 days after receipt of the product purchased, i.e. Most A/P people are trained to pay this way, especially if the vendor has a habit of pre-dating invoices.
In the end, with an invoice date of April 25th, customer will only have a few days to actually pay the invoice (30 days after invoice date).
Also, if the invoice is dated April 25th, but not printed and send out on May 10th, then the results for the month of April will not reflect the truth, and this might be against general principles.
Enter additional items by clicking in the Item column and editing the quantity, description and rate as necessary.Please join our friendly community by clicking the button below - it only takes a few seconds and is totally free.You'll be able to ask questions about accountancy, tax and audit or chat with the community and help others.Last, if you date the invoice April 25th, and bill the customer for the actual report, than officially you will be billing something that has not even been done yet.
My advise, if you print out and send the invoice on May 10th, then date the invoice May 10th as well.
In the absence of credit, posting date and due date are same.