Correct Posting Dates

The period date is the value date of the bank statement, and the posting date is the date the bank statement was posted in the journal entry header for reconciling bank statements.

All dates in journal entry lines are set to the period date.

When calculating exchange differences or interest, etc. the value date of the post (i.e. the due date of the document) that can be found in outstanding items determines when a document has been paid. Document types used in reconciling bank statements have a built-in validation that checks whether the due date in a journal entry line is the same as the period date in the journal entry header. If not, an error message is returned (see Document due date is different from journal entry period!). 

If the posting date in the journal entry header is subsequently changed, the dates in journal entry lines have to be changed also. The Correct Dates of Posting function, found in the Wizards menu, is used to do this quickly.

A message is shown when the operation is completed (see Operation complete).