How does Ottimate determine the due date of an invoice?

Rather than taking the due date directly off of invoices, Ottimate uses the payment terms of your vendors to determine when they are due.

When you setup a new vendor Ottimate will attempt to autofill the payment terms from your accounting software. If no payment terms are found the field will be left blank.

For example, an invoice dated 08/1/2024 with terms of "Net 30" will be marked as due on 08/31/2024. Ottimate also lets you manually set or edit due dates in each individual invoice.

To learn more about how exactly Ottimate determines the due date using payment terms read our other article: Net Terms Reference Guide