- Membership
- Certification
- Resources
- Events
- Community
- About
- Help
Best Practices for Calculating Invoice Payment Terms
October 8, 2025
Q. Are there Best practices for calculating payment terms based upon receipt of valid invoice vs. calculating from invoice date? Does the best class process include a maximum wait if the invoice is already extremely late?
A.
Unfortunately, we don't have a specific best practice metric for calculating payment terms based upon receipt of valid invoice vs. calculating from invoice date. However, we do have the following resources that may be helpful. Invoice Processing…
Become A Member
Join IOFM today as a Professional, Business, or Enterprise Member — or upgrade your Starter Membership — to get access to this content and thousands of other Articles, Webinars, Expert Answers, Resource Downloads, and more!
Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know.
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.
What are you waiting for?
