The Posted Date is generally the current Accounting Date with the exception of transactions created for future dates. If the POS interface sends cover information related to F&B postings, the number of covers is displayed here. Only a numeric integer value can be entered.
Often, however, the post date will occur one to three days later. The period between the transaction date and the post date is called the float. This field is visible with the activation of the MHT3 (multi-property) add-on license code when you are editing an inter-hotel posting.
For example, someone writes a check that is dated March 31, even though the current date is March 15. The transaction code and description of the transaction. The following information is provided on the Edit Transaction Details screen. Changes to the following transaction information can be made using the Edit Transaction Details screen. The same is applicable for any other similar scenarios, such as disbursements that have triggered fees.
Usually, the credit card issuer will inform a user of the date that payment will post to their account. The post date is important because it determines whether the credit card issuer will consider a payment to be on time. Each credit card issuer has different rules about when a payment will be posted based on when it is received. Once a transaction has been authorized, the issuing bank will typically place the funds on hold.
The total amount of the posting (Price x Quantity). This information changes automatically based on a change to the price and/or quantity. (Displayed next to the Price field.) The currency in which the transaction was posted.
For example, a tenant could write 12 checks to his landlord at the beginning of the lease year, with each one dated to cover the check payment for each successive month of the year. The landlord is then instructed to cash the checks as they come due. The date and time the transaction was posted to the guest’s account. OPERA advances the business date only after the completion of the night audit; this means that there may be some charges made after midnight which show the previous day’s date as the posting date. Credit card accounts can be especially important for understanding the post date. The post date on a credit card account can affect the interest charged in a particular statement period.
Inventory valuation in D365FO (or AX): the running average cost price
In a date-driven accounting package, the August 5th invoice date will show the income in August, but all the costs for labor and materials will be in July. As an example, July would look awful (no revenue, all costs) and August will look incredibly wonderful, neither of which is true. About Us
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Obviously there are still expenses that we will be receiving that will be dated before that 9/30 date, because that’s how the postal system works. I often receive questions and have follow up discussions posting in accounting regarding the idea of a posting period versus reporting that is date-driven (such as Quickbooks). In general, the Posting Period idea allows you to control the ups and downs with the Income Statement.
Difference between Posting Date, CPU-Date and Document Date
In the meantime, I recommend visiting our QuickBooks Online Blog to get recent news and feature updates. I’ll let you know if there are any changes by updating this thread. Yes, a separate posting date and invoice date is a much needed feature. All product enhancements and feature releases are based on how much it benefits the totality of users. I already sent a feedback statement on your behalf to our engineers. The Transaction Posted Date is the Accounting Date applicable to the transaction created on the account in RMS.
- Unlike the Posted Date, the Created Date is always the actual date at the time the transaction goes onto the account in RMS.
- If you want to get answers to your product-related questions, you can freely browse our helpful QBO topics.
- To the right of the account number is the account name.
- The date and time the transaction was posted to the guest’s account.