Wednesday, March 23, 2016

Finance Dates differences - Entry date, Posting date, Document date etc..


Entry Date - System Date on which document is entered

Document Date - Date of the supporting document ie PO/
invoice/ Bill date

Posting date - date on which entry is posted to the ledger
or accounting date 

Value date - the date on which doc is valued. ie for forex
valuation the value date is needed for calculating the
exchange rate difference

Next run date - this is for payment run. what the next day
for calculating the payment due document and discount
calculation 

copied from: 
http://www.allinterview.com/showanswers/100812/what-is-the-entry-date-document-date-posting-date-value-date-and-next-run-date.html

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