This option lets you choose which date the program displays by default for the Posting Date when you enter receipt, shipment, internal usage, adjustment, transfer, and assembly transactions.
You can choose from two settings:
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Document/Transaction Date.
Select this choice if you usually want the posting date and fiscal period to match the document date.
If you choose this setting, the program will automatically change the default Posting Date if you change the date in the Receipt Date, Shipment Date, Transfer Date, Assembly Date, Adjustment Date, or Internal Usage Date field.
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Session Date.
Select this choice if you usually want the posting date and fiscal period to match the current session date.
If you choose this setting, the program keeps the session date as the default posting date even if you change the document date.
The Posting Date lets you to specify the date when a document/transaction is posted to General Ledger. The Fiscal Year and Period are based on the Posting Date.
If you have a multicurrency system, currency revaluation also uses posting dates to select open documents for revaluation purposes and thus, revaluation adjustments are posted to General Ledger in the correct fiscal year/period.