I’ll pass along this feature request to help improve your experience with the product. It will help ensure you’ll have an accurate accrual reporting specific for your business. To edit the details of a posted transaction, select the Edit button from the Account Maintenance screen or the Invoice Details screen. The Edit Transaction Details screen appears. Mambu allows introducing backdated transactions on an account after an existing accounting closure. The booking date of the backdated transaction must be after the accounting closure date.

• I appreciate you for sharing your sentiments with us.
• I recently closed my fiscal year 9/30.
• For sure people will use it and love it.
• For a credit card transaction, this will reduce the available credit balance by the purchase amount.
• I always recommend to use this report when organizations have inventory that needs to be presented in quantities and values.
• Usually, the credit card issuer will inform a user of the date that payment will post to their account.

I can work around it though; just trying to improve the system so we don’t outgrow it. When your vendor send you an invoice, you’ll record it on QuickBooks Online as a bill, since it is your payable. The invoice date you’d see is the bill date you must enter in creating a bill in the system. However, if you choose to use the actual date when you avail the service as the bill date you can actually do so. Then, use the invoice date as the due date on the invoice.

Rate Period

This view-only field displays the property where the guest is checked-in. This view-only field displays the property which posted this charge. The number of the cashier who entered the transaction, followed by the cashier’s name. Some automatic postings such as fixed charges (e.g., room and tax) and telephone charges might not include a cashier number. There are also use cases when an adjustment (reversal) has to be made on an account before an existing accounting closure date.

For such scenarios, Mambu allows you to perform the adjustment and choose a different booking date for the adjusted transaction. So now I have no options but to post this with the billing date (because for audit purposes that’s what needs to be done), and constantly have my prior fiscal year figures altered. Closing the books is not an option because how can I report these expenses then if the period I’m posting in is closed, again without altering the billing date. I can definitely see how this feature would be useful. As a team with a massive roadmap, we have to pick new features based on the value they’ll add to the most users possible.

Accounting Options

Welcome to this conversation,@clapel76. I appreciate you for sharing your sentiments with us. I’ll be keeping an eye on this matter and circle back with you whenever an update is available. If you want to get answers to your posting in accounting product-related questions, you can freely browse our helpful QBO topics. I strongly support Isefcik’s recommendation. I have the same problem with her/him and I hope QBO will update with that Feature “POSTING DATE” on Bill.

For now, I’d suggest you regularly check our QuickBooks Online Blog for product updates and feature enhancements. I’d suggest checking out our blog posts to stay current on our recent product improvements. An accounting system has no reason to concern itself with the the vendor’s bill date, as it is irrelevant. It is the service date (or goods delivery date) that determines the accounting entry. This is usually the the vendor’s bill date. For example, you may have a progress bill that covers July 1st through July 31st and is dated August 5th.

Products

When you backdate transactions, you must first adjust all the transactions that exist after the backdating date. New transactions are posted for the adjusted transactions, and custom field values are copied over from the original transaction to the new transaction. I am appalled this has not been addressed by the QBO team.

This is a very good idea to be incorporated in your software. For sure people will use it and love it. I recently switched to QBO and can’t believe there’s no way to offset the posting vs. invoice date. I recently closed my fiscal year 9/30.

What about the ‘Journal control’ function in the journal names of D365FO (or AX)?

You can set up Accounting CS to update the posting period for a transaction based on the transaction date. If you do not mark this checkbox, the application uses the current posting period as the default when you enter a transaction. If you mark the checkbox, the application uses the posting period in which the transaction date falls as the default in all data entry screens. Post date refers to the writing of a future date on a check. The intent behind this dating arrangement is to force the payee to wait until the post date arrives before cashing the check. Second, the payer cannot be bothered with a series of check payments to the payee, and instead issues all of the checks at once, with each check post dated to a successively later date.