B bookbinder Guest 18 Jun 2008 #1 How long is an invoice valid for? My brother set up a non trading company some yrs ago and wants to close it down. There is an outstanding invoice from 2001, is that still valid?
How long is an invoice valid for? My brother set up a non trading company some yrs ago and wants to close it down. There is an outstanding invoice from 2001, is that still valid?
J jpd Registered User Messages 4,137 18 Jun 2008 #2 If the invoice is unlikely to be paid, why doesn't he write it off as a bad debt ? But yes, I would think that it is still valid but his chances of getting paid must be quite low.
If the invoice is unlikely to be paid, why doesn't he write it off as a bad debt ? But yes, I would think that it is still valid but his chances of getting paid must be quite low.