What is the difference between posting date and entry date?
What is the difference between document entry date and posting date? Document entry date is the day on which you entered the document into sap. If you have entered a document/transaction on 11/08/2012 then your document date will be 11/08/2012. Posting date is a day to which you are posting a particular transaction.
What is a posting date?
Posting Date means the date specified in a Statement of Account when a Card Transaction is received by the Bank and posted to the Card Account. Posting Date means the date on which the Qualifying Transaction is posted to the relevant Card Account.
What is posting date in Sage 50?
Pay a Bill from a Supplier. Pay Other Bills. Pay Credit-Card Bills. Pay with Direct Deposit. Recording a Purchase from a Supplier.
What does Posted in SAP mean?
Posting Key is a two-digit numeric key.It is defined to control the entry of document line items in a FI Transaction. Special posting keys are used for posting special General ledger transactions. The system uses the posting key, special G/L indicator to determine the alternative settlement account.
What is document date date and entry date in SAP?
In SAP there are generally three dates. The relevant date which affects the books of account is the posting date while doc date and the entry date are just references. Entry date is the system date ie the day when you post the entry. Document date is the date on the face of the document.
What is difference between posting and entry?
entry date : when the document was actually posted, it simply comes from system date, you cannot influence. posting date : this is the date, when the G/L account will be updated, freely entered by the user.
What is Document date date and entry date in SAP?
What does a posted transaction mean?
A posted transaction is a transaction that has been fully processed and completed. Typically financial institutions will “post” all transactions that have been presented to your account at the end of the day. It’s important to know how your bank prioritizes items to be debited from your account.
What is a document date?
Document date is the date which is appearing on the physical copy of the document e.g. vendor invoice. Posting date is the date on which the said document posted in finance.
What is Sage posting date?
The posting date is the transaction date used by Day End Processing in Inventory Control when it creates journal entries for the general ledger. The posting date determines the fiscal year and period to which transactions are posted in the G/L.
Can posting date be before document date?
The posting date can be set to default to either the batch date, the document date, or the sign-on date. The most common reason for having a Posting Date different from a Document Date is because the fiscal period that the Document Date falls into has already been locked.
What is posting date and entry date in SAP?
Posting Date : The date of posting the values to the SAP system. Entry Date : The Date on which you are doing the transaction / data entry. For example, if you are doing a transaction today (30th Apr 2010) and posting a GR for a previous date, say 25 Apr 2010.
When to use posting date or entry date?
Date which is used when entering the document in Financial Accounting or Controlling. The fiscal year and the period for which an update of the accounts specified in the document or cost elements is made, are derived from the posting date.
What’s the difference between document date and entry date?
Suppose u post the entry on the same date in ur SAP system the day u recvd the goods, i.e. u credit the vendor on good receipt date, then the document date in this case will be 8th sep, 2008. the posting date will be 9th Sep, 2008. The entry date is the actual date on which u make entry in SAP the system date.
When do you enter the date on the supporting document?
This date is manually entered at the time of data entry. This date can be in the past, current or future. Purpose: This date is used for individual purposes. Normally it’s the date on physical copy of the supporting document e.g. vendor invoice This date is manually entered at the time of data entry.
What are the dates in an accounting document?
Every accounting document has several dates associated with it: Document date, posting date, entry date & translation date. Let’s understand each one of these dates and their purpose. This date is manually entered at the time of data entry. This date can be in the past, current or future.