difference between over due and not due bill
can anybody tell me the difference between over due and not due sales bill??
Plz help me.
Teddy Kurniawan replied
Due date is the date when the billing should be paid. If after that date it is still not paid, the bill is called over due.
Not due means the bill should not be paid now since due date is somewhere in the future.
For example a bill 60001 has due date 01.01.2009.
On 01.10.2008, the bill is not due.
On 01.01.2009, the bill is due.
On 02.01.2009, the bill is over due (if it isn't paid yet).
Usually a billing has an accounting document related to it. For example we have a billing 60001 and the accounting document is 20001. Due date comes from the accounting document.