SAP Positing Date Vs Entry date

Hi, Document Date is the date of the document..either it could be invoice,bill. Posting date is the date on which it is posted into your financials. Entry date is the date on which it is entered into the system. Good Example to elaborate this is - you have received an invoice with 25th March'07 on 15th April'07. Books will be closed in Mar'07. You are entering this document into your system on 15th Apr'07 for the period Mar'07 with document date as 25th Mar'07. At SAP, you have 12 Normal Periods and 4 special periods. These special periods are to take care of the transactions as above. since your are in April'07 (period 13)...you are entering it and default positng date will be the document date. Trust that you have understood the above 3 dates.

Thank you mr. Mutyam, I understood whatever you told.. but my question is what will be the impacts in my finacials if the original entry is going to be posted in GL after 10 or more days...

Hi Friend, If the document is posted even after 10 days...only change is the entry date will be the date on which it is entered..rest everything will be same assuming that the respective positing period is not closed.

Dear Mutyam, Just imagine about Raw material, will it not affect the Material Movement price (Weight Average material Pricing system)? Impacts are there.... :-)

You started with Finance,The question is related to MM-FI side. Mention where what you are looking at MM document from MIGO or Vendor Liablity in MIRO