which date for purchase of material or service should be consider for accounting
1.date mention in bill or
2.date on which material is received
what about the date of service provided to us which date should be considered
service receiving date or bill receiving date. most of the time it happen that bill received after a few days of service provided.please clear me everything.
From India, New Delhi
1.date mention in bill or
2.date on which material is received
what about the date of service provided to us which date should be considered
service receiving date or bill receiving date. most of the time it happen that bill received after a few days of service provided.please clear me everything.
From India, New Delhi
Normally payment procedure follow according to Company terms.
1, In many companies vendors submit there Invoices same day when they deliver or service the materials.
Thus it counts same day of delivery.
2, In your cause vendor submitting Invoice after few days, so you should consider submission date of Invoice only not Delivery Date.
Hope its clear.
Thanks
From Kuwait, Hawalli
801, In many companies vendors submit there Invoices same day when they deliver or service the materials.
Thus it counts same day of delivery.
2, In your cause vendor submitting Invoice after few days, so you should consider submission date of Invoice only not Delivery Date.
Hope its clear.
Thanks
From Kuwait, Hawalli
Hi pon, Delivery Date is consider as the Delivery challan Date Invoice date is consider as the purchased Date Most of the Purchase order Term & Conditions Based on the Invoice date
From India, Madras
From India, Madras
Dear all,
Money is Money. If provides Interest if it is in the Bank. As an employee you should give the Advantage to your Company as they pay you. So it is a Wise Decision to consider the Older Date for Payment. If the Bill Date is later then that date is Considered and the Advantage is benefited to our Organisation. This would also ensure that Vendors produce the Bill on the Same day or the Next Day.
With Regards
IJR
From India, Madras
Money is Money. If provides Interest if it is in the Bank. As an employee you should give the Advantage to your Company as they pay you. So it is a Wise Decision to consider the Older Date for Payment. If the Bill Date is later then that date is Considered and the Advantage is benefited to our Organisation. This would also ensure that Vendors produce the Bill on the Same day or the Next Day.
With Regards
IJR
From India, Madras
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Order No. 1-2018 Extension of date for submitting the statement in FORM GST TRAN-2.pdf
Govt of Corporate Affairs - Due Date Extension.jpeg