Invoice Date vs Payment Date

You'll want to verify with an accountant, but I believe it has to do with what accounting method you use.  We use "cash" method, so we count per the payment date not the invoice date.

If you are a 'Cash Basis' Business, then you report the income when you actually receive it (most common).

 

You can check your election in your Business Profile.

 

Type 'Schedule C' in the Search area, then 'Jump to schedule c' and EDIT your Business to go through the Business Info screens.

 

 

@SPK2K