Overview
The invoice due date is determined by the information provided when the invoice is created and by the tenant's payment terms in Intacct.
SIRE sends the tenant's configured payment term when one is available. Intacct then applies that term to determine the invoice due date.
How Due Dates Are Determined
Tenant With Payment Terms
When the tenant has a payment term configured, SIRE sends the payment term with the invoice.
Intacct calculates the due date according to that payment term. The due date may therefore be later than the invoice date.
Tenant Without Payment Terms
When no payment term is configured, SIRE uses the due date provided by the invoice-generating process.
For scheduled charges, the due date defaults to the invoice date unless another due date is explicitly provided. In this case, the invoice date and due date are the same.
Invoice Date and Due Date
These dates serve different purposes:
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Invoice Date identifies when the invoice was issued.
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Due Date identifies when payment is expected.
The invoice date is not automatically increased by a number of days inside SIRE when a tenant payment term exists. Instead, SIRE sends the payment term to Intacct, which applies the configured terms.
Examples
Tenant With Payment Terms
A scheduled charge is generated with an invoice date of April 1.
The tenant has a payment term configured in Intacct. SIRE sends the invoice with that payment term, and Intacct calculates the due date based on the term.
Tenant Without Payment Terms
A scheduled charge is generated with an invoice date of April 1 and no tenant payment term is available.
The due date defaults to April 1 unless the workflow provides a different due date.
Affected Workflows
Due-date behavior can vary by the workflow that creates the invoice. Examples include:
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Scheduled charges
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Tenant chargebacks
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Percentage rent
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Other SIRE processes that create invoices
Review the invoice date and due date in the generated preview or transaction details when the workflow provides both values.
Frequently Asked Questions
Does SIRE Add the Tenant Term Days to the Invoice Date?
No. When the tenant has a payment term, SIRE sends that term to Intacct, which calculates the due date.
What Happens When the Tenant Has No Payment Term?
The invoice uses the due date supplied by the workflow. For scheduled charges, this normally defaults to the invoice date.
Can the Invoice Date and Due Date Be Different?
Yes. They are different when a payment term or another workflow-specific due date is applied.
Does This Change Existing Invoices?
No. The calculation applies when a new invoice is created. Existing invoices are not recalculated.
Where Should I Check the Configured Payment Term?
Check the tenant's financial or invoicing settings in Intacct. The available payment term determines how Intacct calculates the invoice due date.