In SAP Business One, the completion date indicates the point in time at which a business transaction, a receipt or a defined period is considered closed. It signals the transition from an open to a closed status.
In document processing, the closing date marks the end of the active processing phase of a document. As soon as an outgoing invoice has been paid in full, for example, it is assigned the status „Closed“. The same applies to quotations that have been converted into sales orders or cancelled documents - they all no longer count as open transactions.
The closing date is also used in correction processes (e.g. cancellation of incorrect documents) and in the control of master data. For example, a validity period can be defined for cost activities that prevents them from being used outside the specified period.
The completion date must be distinguished from the due date. While the due date determines the expected timing of an action (e.g. payment), the completion date marks the formal end of a process in the system.
Example:
A sales process is deemed to have been completed when the associated offer has been accepted, the Order has been delivered and the invoice has been paid. The completion date of the last document marks the end of the process chain.
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