posting date and invoice date

[Former Member]

Hi,

Please let me know the difference between posting date and invoice date.

Thanks,

Mallika

[Former Member · Accepted solution]

Hi Mallika,

To give an overall answer to your question, there are three kind of dates in accounting documents:-

(1) Document Date = It can be any date. generally it is given as a date in the external document, while posting. Like you can give the "invoice date printed on the invoice from vendor" in the document number.

(2) Posting Date = This is generally given as a date on which the business wants to record transaction in the books. (Only restriction is that posting period should be open).

(3) Entry Date = This is the CPU date when the transaction is geeting entered in the system. It can not be chnaged by the user.

If above explanation gives more insight, please assign some points.

Regards,

Gaurav

[Former Member]

Hi!

invoice date is the date registered in the physical document(invoice). For example, the invoice date could be 30 of April but you receive this invoice later, on 10 of May. You cannot book this invoice in April ledgers, because you closed the month. So you have to book (post) the invoice in May ledgers, on 10th. So 10 of May is the posting date.

[Former Member]

Hi Mallika,

The posting date is a date when u post a particlar document and invoice date is the date which is there in the invoice (bill) that a party has send to u.

I hope this clarifies ur question.

Regards,

Kiran