What Is the Difference Between Inventory Log Created Date and Invoice Date? (New Vers.)

Learn how the Inventory Log Created Date reflects when stock movement is recorded, while the Invoice Date indicates when a transaction was officially issued for billing purposes.

1. Click on Products/Services and select 'Products/Services'

2. Select an item

3. Click on Inventory Logs

4. Inventory Log Created Date: This refers to the date when inventory changes are recorded, such as purchases, sales, or inventory adjustments. When a business buys goods from a supplier, the date when the goods enter the inventory is recorded; when goods are sold to customers, the date when the goods leave the inventory is recorded. The inventory log created date is crucial for tracking and managing inventory, helping businesses understand the movement of goods, optimize inventory management, and formulate replenishment strategies.

5. To sort it by invoice date

6. Select invoice date

7. Click on Apply

8. Invoice Date: This refers to the date indicated on a sales invoice or purchase invoice, which marks the completion of a transaction and the issuance of the invoice. The invoice date typically refers to the date of the sales invoice, recorded when a customer purchases goods or services and the invoice is generated. The invoice date is critical in financial records because it determines the timing of revenue recognition or cost allocation.