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Using the invoice received date for payment terms

April 17, 2024
April 17, 2024


Q. Does anyone use the invoice received date instead of the invoice date to start the clock on terms (outside of net zero)? If yes, can you describe the process and how the suppliers react to the non-traditional terms timing determination? A. (Answered by the IOFM Advisory Panel) ----- We unofficially take this stance with vendors, but really only address or discuss it on a case by case basis. Submitting a NET 30 invoice, 30 days late and expecting it to get paid immediately isn't something we…

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