The payment process begins when the invoice is received and entered by the Accounts Payable
department at Kodak. Please refer to the Invoice Information section for what is required to be
on the invoice.
The invoice date, and the payment terms from the PO, determines the payment due date.
The invoice date is what is used to begin the aging cycle. If the payment terms are net 45,
the payment due date should be 45 days after the invoice date.
When the payment leaves Kodak depends upon the method used for payment. If it is a
check, it is mailed 5 days prior to the due date. If it is electronic, it is sent in less than 5
days prior to the due date.