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Invoice Due Dates vs. PO Terms: Managing Payment Timing and Compliance

January 22, 2025

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Q. At our organization, our payables system is set up so that it takes the Purchase Order (or supplier default) payment terms and calculates the due date based on the invoice date. (So, invoice dated June 1 would be given due date July 1). In general, we do not have any issues with our suppliers regarding this process. However, we currently have an internal inquiry as our PO payment terms state: "Organization" shall issue the Supplier’s payment within 30 days after receipt of an acceptable…

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