What is the difference between selecting a due date, invoice date, or current date under the "Auto settlement from advance" section in an invoice template?

Auto settlement from advance option settles the dues against the advance, if present. This auto-settlement depends on the date which is selected. There are 3 types of dates. Lets explain with an example.

Invoicing Period - 1st August - 31st August
Dues Date - 15th August
Invoice raised on - 5th August

In this case if you select the settlment date as Due Date, the system will run the auto settlement process on 15th August
If selected Invoice Date, the settlement from advance will take place keeping referenec date as 1st August
If Current Date is selected, the advance settle will happen, instantly, i.e. on 5th August while generating the invoice.

Admin can enable the auto-settlement option by following below steps:

1. Menu >> Accounts >> Invoicing >> Raise invoices >> In the invoice template click on the Pencil Icon

2. Click on Additional  Settings

3. Scroll to Automatically settle from advance >> Select the Date option >> Save & View