Understanding Transaction Entry Dates

Session Date

This is the date you enter on the Session form at the start of all transaction entry. The Session Date defaults to the current system date and is generally as an identifier to track the date when work was done. This is NOT the date when the documents will be posted to the ledgers.

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Document Date

This is the date of the document you are entering. The document date will default to the session date, but you can change it upon entry to reflect the date of the document. Document date is used on sub-ledger aging reports and by the Bank Reconciliation module.

Effective Date

The effective date is the most important date because it is the date on which the transactions will be posted to the General Ledger. The effective date will default to the document date, but you can change it upon entry.

The effective date is designated on each detail transaction line. If you change the effective date on an entry, be sure to change the date on every detail line because your debits and credits must be equal for an effective date.