There are three dates associated with every financial transaction:
- Enter Date - The date the transactions was entered into BillMax.
- Post Date - The date the transaction was posted to an Account.
- Effective Date - The date the transaction should be considered effective.
The following lists date ramifications for the various transactions.
- Payments, Payment Reversals, Refunds and Refund Reversals
- Enter Date and Post Date are the Same
- Effective Date may be current date or in the past.
- Sales, Sales Returns, Store Credits, Store Credit Reversals, Deposits and Deposit
Reversals
- Enter Date, Post Date and Effective Date all may be different.
- Post Date is the date the transaction is invoiced.
- Effective Date is the Effective Date of the invoice.
