Which Is The Most Important Date?

[davidk65]

In simple, none business accounting, which is the most important date to enter in the records with regards to purchases. For example: An invoice is received at the beginning of one month but is not due for payment until the middle of the following month. Which is the correct way of showing this kind of transaction and why?

[Zeuhl]

invoice should include its 'tax point' which is a date it was raised

that is the key date

[boxtops]

Invoice raised by you is entered in your ledgers on the day you raise it.
Invoice received by you is entered in your ledgers on the day you pay it (but if you receive it before month end and don't pay until the next month, you'd accrue the outstanding charge over month end).