A Transaction Posting Date is the date on which journal entries are posted for the bills that you create in your Zoho Books organization.
Let’s say you manage a small manufacturing company that purchases raw materials from suppliers. On June 15th, you receive an invoice for the shipment of raw materials. In Zoho Books, you can create the invoice on June 20th, set the bill date as June 15th, and the transaction posting date as June 20th.
To use this field in your transactions, you need to enable it first. Here’s how:
Once marked as active, you’ll be able to select the Transaction Posting Date for your existing as well as future bills.
Note:After you enable the Transaction Posting Date, a column displaying the posting date will appear on the bills list page.
Note:When you import bills after enabling the posting date, there will be a separate column for the transaction posting date. You will also be able to export a bill including the transaction posting date in the export file.
Pro tip:You can create custom views and perform advanced searches with Transaction Posting Date as the filter criteria.
You can filter your AP Ageing Summary and AP Ageing Details reports based on the transaction posting date. Here’s how:
To filter the Bill Details report based on transaction posting date:
The journal entry for a bill payment will use the later date between the bill’s transaction posting date and the payment date. This date will be reflected in the Journal Report.
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