What is the Difference Between the Invoice Date and the Post Date in Accounts Payable?

Q: This article explains the differences between the invoice date and the posting date in Accounts Payable (AP).

A: While entering an AP invoice, there is the option to enter an invoice and posting date:

Invoice Date – refers to the date for the actual invoice, This is used to determine the due date. The payment terms use this date to determine the due date and discount period.
Post Date is used for releasing to General Ledger. The system uses this date to determine what period and year it should post to based on the fiscal calendar.Important
The Aging Report can be run by Transaction Posting date for reconciling with GL. Additionally, this value is stored in the Trandte field of the APDIST and APMAST tables.

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