Purpose of apply date vs checkdate in payables module

(1) Share

Report

Posted on by Jesse Henson

Hi All,

We had a mistake when processing payables in which we set the apply date in the select checks window to a future date and forgot to set the check date in the check printing area as the current date. We found that the transactions were all posted in the GL for the future date and the Positive Pay, Reporting and the Bank recon area all hit for the current date.

My question is:

When would this be used? When would you want your GL to be for a future date with respect to your check date on your AP transaction?

Any guidence on this would be very helpful. We're trying to find a reason behind this and why we might need to use this in the future.

Thanks,

Jesse Henson

Categories:

Financial Management