what determines when payments are due accounting
If no terms are set, the due dates for transactions are the same as the transaction (sale) dates. Accounts Receivable Aging Report Preference: Determines if past due aging is based on the payment due date or the transaction date.Edit this report preference in QuickBooks by selecting Preferences from the Edit menu.f you take a payment on account, the past due and account balance amounts and status are immediately updated in Point of Sale at the local store and synchronized with Headquarters and QuickBooks with the next data exchange. You can write letters to customers with past due accounts from Point of Sale.