What is the different in inventory log created and invoice date ?

Modified on Tue, 16 Jul at 4:01 PM

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.

Created date

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.

Invoice date