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The dates make an Impact on Create Accounting

In Accounts Payable Module user should more concerned about following dates,
Invoice Date: This is the date that the invoice was issued by the vendor company (supplier)
normally the date printed on vendors invoice,
GL Date: This is the date that determines the Accounting period; Base on this date the
transaction will transfer to the GL and for the financial statements.
Base on payable option set up of DCSL, GL Date Can either Good received Date or System
Date. When invoices were raised against PO, system picked the Good received Date as GL Date
while raising a standard invoice system automatically picked the system date as GL Date.
Additionally when User inserts GL date in header levels that date is defaults for all line and
distribution level as well.



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When entering Invoice user can override this GL date either in header level or distribution level
as she or he expected.
Important: When Altering Header level GL date of already completed invoice,
Make sure that distribution level and line level dates are changed manually
according to the Header level GL date. In this scenario system will not change line
and distribution level GL dates automatically according to your header level GL
date.

Term Date: According to the DCSL Payable Option Set up, Invoice Date considered as term
date as well. This can be changed Base on supplier level or supplier site level, Further user
having opportunity to override this date as required.
Term Date plays very vital role in credit management because Invoice aging and schedule
payment reports are picked its required data base on this term date.

Invoice Cancellation GL Date: Invoice cancellation GL date can be recognized base on
following scenarios.
1. Cancelling the invoice when invoice raised period is still open
2. Cancelling the Invoice When invoiced raised period closed









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1. Cancelling the invoice when invoice raised period is still open
In this kind of scenario, Invoice Cancellation GL date remains same as the GL date Mentioned
in the Invoice.


2. Cancelling the Invoice When invoiced raised period is closed
Here invoice Cancelation GL date is the very first day of next open period.




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Payment Date:
For payments, regularly the GL Date is the date of a payment. If the payment date is in a closed
period, then GL Date is the first day of the next open period.


Voiding Payments
When voiding payments user asked for GL date and date, normally system date default as GL
date but user can override as expected.

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Dates Relates to Cash Management
Bank Reconciliation
Bank reconciliation means matching bank statement details with system transactions such as
payments, receipts, direct cash flows, etc. there are two methods available for Bank
reconciliation.
1. Auto Reconciliation
2. Manual Reconciliation
Auto Reconciliation
In this method bank statement details match and reconciled with system transactions
automatically. User requires submitting a request for Auto reconciliation programme. When
submit that request system asked for GL date under the parameters window.
GL date should be same as Statement GL date, otherwise journal entries are post to
General Ledger base on GL date mentioned under the Parameters. Normally system date
appears as a GL date in Parameters.



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Manual Reconciliation
In this method, manually match the bank Statement details with system transactions. Further this
method can be used to reconcile any bank statement details that could not be reconciled
automatically.
Statement Header level GL date remains default for manual reconciliation, but user can
override that GL date in line level.

Un Reconciliation
When un reconciling a reconciled payment or receipt system automatically picked the system
date as GL date. Therefore user needs to override that GL date, new GL date can be either
previous GL date or any date after that.


Cleared Date
This is the day, bank confirmed payments or receipt actually happened. Normally transaction
date appeared as cleared date and cash in transits report picks the data base on this cleared date.

Receipts & Remittance
Receipts may remit to the bank in a daily basis or any other method specify by the company.
However transaction date and GL date appeared in Bank Statement should be a date after a
remittance date.