Date Sensitivity in Transactions

Time and Expense

System Date: Default date on the entry, unless User Preferences set to auto-duplicate date.
Entry Date: Determines the Accounting Period in which the entry will be posted. Users can be prevented from entering dates on entries that are prior to the current accounting period. This is set in User ID’s.
Current Accounting Period: Works in conjunction with user period. A User without the permission to enter dates in prior periods can only enter dates that are in the current accounting period or in a future accounting period.

System Date: Determines the Accounting Period in which the adjustment is posted if ‘Post in period of Today’s date’ is selected.
Entry Date: Determines the Accounting Period in which the adjustment is posted, ff ‘Post in period of Original date’ is selected. This option is only available if permission is given to the user in User ID’s.