Transaction Code Post Date Logic

Transaction Code Post Date Logic

When transaction codes are configured an Accounting Method is selected that will determine if general ledger entries are created at the time of invoicing and what post date is used when the entries are posted.
  1. Cash Basis - No G/L entries are created at the time of invoicing and an entry will be made to the Credit Account when cash is posted to the invoice



  1. Accrual Basis Post When Due - An entry to the Receivable Account will be made at the time of invoicing and the G/L post date will be the due date of the invoice

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  1. Accural Basis Post When Invoiced - An entry to the Receivable Account will be made at the time of invoicing and the G/L post date will be the date the invoice batch was processed (current system date)