Electronic Invoice Due Date

It is the Invoice Date that is indicated in the Sales Invoice document for the collection process by the issuing Customer. That is to say, the Date that you indicate to your Client so that he/she makes the payment.

And this date, that in many occasions we observe in Invoices are planned even to 90, 120 days or more, by Law (concretely, the Law of Dilatoriness Law 15/2010), establishes that it should be fixed in a maximum of 60 days. 60 days from receipt of goods or services rendered.

Delinquency is one of the great inconveniences with which Autonomous and SMEs must fight daily. Since when the problem and collection deadlines grow, they generate gaps and deviations of liquidity and cash flow in their businesses, complicating the possibility of regular payments and sometimes leading to the closure of the business.

At present, establishing by law a maximum of 60 days to maturity is a practice that is difficult to comply with. Either due to lack of knowledge, or for other reasons. A clear example would be a relationship of trust between the two parties, or for a clear objective of maintaining commercial relations over time.

Invoice Due Date

Invoice due date for retail trade: The invoice due date is related to the date of delivery of the products. In the case of fresh or perishable food products, it will be 30 days from the date of delivery; if we are not talking about fresh products, but about other food and consumer products, the due date will be 60 days. You have the possibility to offer your customer a longer postponement, but not longer than 90 days, always from the date of delivery of the goods.

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What happens if an invoice does not have a due date?

Whether you are self-employed or an SME, knowing the payment deadlines set by law is essential to know which payment due date you should put on the invoices you issue to your customers.

The Delinquency Law, published in 2004, establishes the maximum deadlines for the due date of invoices. However, although the purpose of this law is to avoid, as far as possible, delays in payments, it is often difficult to collect invoices, with the settlement problem that this entails for companies.

The invoice due date is the date by which the invoice must be paid. From the day after the due date, the invoice issuer is entitled to request late payment interest from its customer, unless the customer can prove that the delay was caused by a bank error, for example.

The due date is very important, so you should make it clear to your customer. In addition, at the time of presenting the quarter, you will have to account for and pay the VAT on the invoice to the tax authorities, whether or not you have collected it, with the problem of profitability and liquidity that this entails.

It is mandatory to put the expiration date on the invoice

This is the charge that remunerates the Camisea Consortium for the cost of natural gas at the wellhead, that is, for the extraction of gas in Cusco. It is the result of multiplying the Invoiced Volume by the Average Price of natural gas. It also includes the costs of Transportation and Variable Distribution Service.

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It is the period between the previous reading date and the current reading date, on which the volume consumed and invoiced is determined. The billing period may not be less than twenty-eight (28) calendar days, nor exceed thirty-three (33) calendar days, except in the case of the first billing.

An increase in the amount of your bill, even if you verify that the consumption is the same as in previous months, does not necessarily imply an error in the monthly billing. It could be related to other reasons such as:

From the day after the due date, compensatory interest and financing moratorium interest is generated. Moratory interest is generated from the tenth day after the due date.