Date types

Learn about the date types available in Tax Determination.

Date types provided in transactions

Accounting Date: The date up to which annual accounts are made.; For example, if a company's accounting date is September 14, 2020, accounts must reflect the period from September 14, 2019 to September 13, 2020.
Contract Start Date: The date when a contract for services becomes effective.
Contract End Date: The date when a contract for services ends.
Date of Service Performance: The date when the service is performed.
Date of Title Transfer: The date when the title to the goods is transferred legally from the vendor to the purchaser.
Delivery Date: The date when goods are delivered to the purchaser.
Good Return Date: The date when a good is returned.
Original Transaction Date: For credit memos and returns, the date when the original transaction took place.
Payment Due Date: The date when payment for the goods or services is due.
Payment Received Date: The date when payment for the goods or services is received by the vendor.
Receipt Date: The date on the transaction receipt
Transaction Document Date / Invoice Date: The date specified on the transaction document.; Transaction documents include invoices, receipts, sales orders, purchase orders, and leasing contracts.

Created Date

The date when a transaction is created in Tax Determination.

Updated Date

The date when transaction data is updated in Tax Determination.

Tax Point Date

The date used by Tax Determination to calculate tax.

Tax Determination determines the tax point date for a transaction based on the following information:

If Tax Determination can't determine a tax point date, it will select a date based on the following default rules:

For transactions involving goods, the tax point date is the delivery date.
For transactions involving services, the tax point date is the date of service performance.
If the delivery date or date of service performance is not included, the tax point date is the transaction document date.
If the transaction document date is not available, the tax point date is the system date.