Okuzeka
Accounting & Tax vocabulary · Invoices & Payments

Due date

Meaning in accounting & tax, with examples

nounCore term

In accounting & tax, due date means: The date by which a payment, such as an invoice, loan instalment or tax, must be made, or by which a return or report must be submitted.

In Turkish: vade tarihi, son ödeme tarihi, son tarih

How it is used

Invoices become overdue after the due date. Tax authorities set due dates for filing and payment, and paying late usually brings extra charges or penalties.

Example sentences

  1. The due date for this invoice is 15 November.

  2. If the VAT is paid after the due date, a late payment charge is added.

Common collocations

  • payment due date
  • past the due date
  • miss a due date
  • filing deadline
  • payment termsThe conditions agreed between buyer and seller about when and how an invoice must be paid, such as 'net 30' or a discount for early payment.
  • invoiceA document a seller sends to a buyer listing the goods or services supplied, the amount due, any VAT and the payment terms.
  • tax returnAn official form a taxpayer submits to the tax authority, reporting income, expenses or sales for a period and calculating the tax due.
  • accounts receivableMoney that customers owe a company for goods or services it has already delivered on credit, and also the team that collects those payments.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Invoices & Payments

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This page explains English vocabulary for learners. It is not financial advice.