Description

Billing Date

Display only. The date the bill was produced. This field is maintained by the system.

Terms

Default by Organization Options. The agreed-upon conditions of payment (typically in reference to a frequency of billing, for example, 'net 30,' or 'payable upon receipt').

Due Date

Required. Enter the date the payment is due to be received from the customer, after which a late penalty could be assessed. You may also use the calendar icon  to select the date. This entry typically differs from both the billing and PO dates.

Open Invoice Indicator

Display only. 'Yes' or 'No' flag to signify whether or not the invoice is open for an ongoing billing relationship or closed for future billing. This field is maintained by the system.