Receipt Dates and General Ledger Dates

When you enter a receipt, you must enter both a receipt date and a general ledger date:

• Receipt date

  The date that you enter for the receipt date can be the date that you entered the receipt into the system or the date on the customer's check. The system does not use the receipt date for any accounting purposes. The system maintains this date for information only.

• General ledger date

  The system uses the general ledger date for exchange rate calculations to determine whether a discount is earned, and to update account information when you post the receipt. Because the system uses the general ledger date for so many reasons, you cannot change the general ledger date after you enter the receipt.