What is invoice date in SAP SD - Sales and Distribution?

SAP Term: invoice date

• Component: SD

• Component Name: Sales and Distribution

• Description: The date on which a delivery is due for settlement. In some firms, invoices are processed periodically with the result that all deliveries that become due at a point in time can be combined and settled in a collective invoice. As soon as the next billing date determined by the calendar is reached, the orders and deliveries are included in the billing due list and can be billed.

Smart SAP Assistant

• Key Concepts: 
  Invoice date is a field in the Sales and Distribution (SD) component of SAP that indicates the date on which an invoice was issued. It is used to track the payment of invoices and to ensure that customers are billed correctly. 
  
  How to use it: 
  In SAP, the invoice date is entered when creating an invoice. This date is then used to track payments and ensure that customers are billed correctly. The invoice date can also be used to generate reports on customer payments and invoices. 
  
  Tips & Tricks: 
  It is important to ensure that the invoice date is accurate, as this will help to ensure that customers are billed correctly. Additionally, it is important to keep track of the invoice date in order to generate accurate reports on customer payments and invoices. 
  
  Related Information: 
  The invoice date is related to other fields in SAP such as the due date, payment terms, and payment method. It is important to understand how these fields interact in order to ensure that customers are billed correctly and payments are tracked accurately.