SAP: Posting Date Vs Entry date

This query is : Resolved

Quick Summary

The discussion explains that in SAP, the posting date affects financial accounts, while document date and entry date are mainly references. Delayed posting may lead to incorrect GL balances and financial reports for interim periods, though backdated entries are allowed until the period is closed.

Kamaraj Mani. N

Kamaraj Mani. N (Querist)
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13 December 2007 Dear Sir,

I am new to SAP.. and please let me know what will be the impact in financials, if i post the entry after 10 or more days.

Example:
Document date: 01-12-2007
Posing date: 01-12-2007
Entry date: 25:12:2007

Please kindly give me the list of impacts..

Thank you.

CA. Vineet Grover

CA. Vineet Grover (Expert)
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13 December 2007 Hi Kamaraj,

There is no harm in posting date at a later date. So long as the system allows you may post the entry. Only when the month is closed you may not pass back dated entries.

In SAP there are generally three dates. The relevant date which affects the books of account is the posting date while doc date and the entry date are just references. Entry date is the system date ie the day when you post the entry. Document date is the date on the face of the document.

It is recommended to post entries on a daily bases and avoid back dated entries.

Rgds/

Vineet

Kamaraj Mani. N

Kamaraj Mani. N (Querist)
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13 December 2007 Dear CA. Vineet Grover,

Thank you very much for your kind reply..

But the thing is, (from my example) after 25/12/2007 only, my GL is going to be affected by the Particular Entry(s)

if i need balance of GL as on 15/12/2007, it will not give the Correct information, right?

Due to this delay, any other kind of impacts are available as i mentioned above?

CA. Vineet Grover

CA. Vineet Grover (Expert)
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13 December 2007 Hi Kamaraj,

Yes the balance shall not show a correct picture.

In SAP there is hardly any margin of error.

Make sure that the entries are correctly and timely posted into the system.

Rgds/

Vineet

Kamaraj Mani. N

Kamaraj Mani. N (Querist)
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15 December 2007 Thank you CA. Vineet Grover

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