From which date can the default baseline date for payment terms of an incoming invoice be derived?

The correct response is based on the understanding of how payment terms are established within the context of an incoming invoice in SAP. The default baseline date for payment terms is derived from the entry date of the invoice.

The entry date reflects when the invoice is physically recorded in the system. This is significant because it marks the official point in time from which the company recognizes the payable. Consequently, payment terms such as Net 30 or discounts can be calculated based on this date, offering a clear and systematic approach for accounting and financial reporting.

In contrast, the other dates serve different functions: the document date refers to when the actual invoice was issued by the vendor, while the posting date indicates when the accounting entry is made in the system. The value date is utilized for determining interest calculations on bank transactions and is not typically relevant for calculating payment terms on invoices. Thus, the entry date is the most appropriate starting point for deriving baseline payment terms for an incoming invoice.