Understanding Credit Invoices for Accounts Payable for Argentina

The AFIP (Administracion Federal de Ingresos Públicos) issues credit invoices to provide companies with a payment instrument that can be negotiated and used as a credit. This need arises when banks do not borrow money and companies are faced with a lack of liquidity.

From an accounts payable standpoint, the credit invoice represents a documented debt with the supplier, which is canceled when due.

Credit invoices also modify the time when the fiscal credit is accepted. Ordinarily, the fiscal credit is accepted when the voucher is entered. If the voucher requires a credit invoice, the fiscal credit is accepted at a later date.