what is the purpose of invoice due date

AI generated answer (using internal Slack threads):

The purpose of the invoice due date is to specify when the payment for an invoice is expected to be made by the customer. It is a critical component of the invoicing process as it sets the timeline for the customer to make the payment. In NetSuite, the due date of an invoice is typically determined by the payment terms set on the customer record. For instance, if the payment terms are set to Net 30, the invoice due date will be 30 days from the invoice date. In some cases, businesses may require different due dates for different portions of the invoice amount. For example, a business may require a 30% advance deposit within a certain number of days from the invoice date, and the balance to be paid by a different due date. This can be achieved in NetSuite using the installment payment terms feature, which allows for multiple due dates in a customer invoice. However, the installment due dates are not manually editable in the invoice by default. To make them editable, there is an 'Override Installments' checkbox that can be used. This makes the due date and amount editable in the UI, and they can also be changed via SuiteScript. In the context of Billing Operation Schedules, the due date on the invoices generated through this process is still based on the payment terms set on the customer records. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******