The Purpose of the Dates in Various Posting Routines

Although the Orion General Ledger is based on the period, the program does use dates in various ways during posting and unposting routines.   The below list has some of the dates and their purposes.

Invoice Date - The Invoice Date is the date used on the General Ledger Detail lines of the General Ledger transaction created when an invoice is posted.                

Invoice Posting Date - The Invoice Posting Date is used for the header portion of the General Ledger transaction created when an invoice is posted.

Invoice Unposting Date - The Invoice Unposting Date is used for both the header portion and the detail lines of the General Ledger transaction created when an invoice is unposted.

Payment Date - When a payment is posted through the AR Entry program, the General Ledger Detail lines will be created with the date of the payment.  The General Ledger Header record will be created with the current system date.

Payment Application Posting - Payment Date - When an accounting transaction is posted through the Payment Application Posting Program (AR Manager, ACTION, Payment Application Posting), the date entered in the GL Date field will be used on the General Ledger Header and Detail lines of the General Ledger transactions created.

Payment Reversal - GL Transaction Date - The GL Transaction Date used in the payment reversal process is used for both the header and detail lines of the General Ledger transactions created.