{"id":13226,"date":"2015-12-31T10:06:32","date_gmt":"2015-12-31T10:06:32","guid":{"rendered":"http:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/?p=13226"},"modified":"2019-11-12T08:50:43","modified_gmt":"2019-11-12T08:50:43","slug":"significance-of-using-default-posting-date-option-of-ic-options-in-sage-300-erp","status":"publish","type":"post","link":"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/12\/31\/significance-of-using-default-posting-date-option-of-ic-options-in-sage-300-erp\/","title":{"rendered":"Significance of using Default Posting Date option of I\/C Options in Sage 300 ERP"},"content":{"rendered":"

The posting date is the transaction date used by Day End Processing in Inventory Control when it creates journal entries for the general ledger. The posting date determines the fiscal year and period to which transactions are posted in the G\/L.<\/p>\n

New Stuff:<\/strong> <\/em>Password Protecting the Sage Intelligence output Book<\/a><\/p>\n

In Sage 300 ERP we have an option \u201cDefault Posting Date\u201d in Inventory Control \u2013> I\/C Setup\u2013>Options under \u201cProcessing\u201d tab [Refer below screen shot].<\/p>\n

\"1\"<\/a><\/p>\n

You can specify the default date that will appear as the Posting Date for new enter receipt, shipment, internal usage, adjustment, transfer, and assembly transactions.<\/p>\n

The \u201cDefault Posting Date\u201d dropdown contains following two values:
\n1. Document Date
\n2. Session Date<\/p>\n

Document Date :<\/strong>
\nYou can select this option if you usually want the posting date and fiscal period to match the document date. If you select this option, the program will automatically change the default posting date if you change the date in the associated date field on the document entry screen.
\nLet us consider an example, suppose you have set the \u201cDefault Posting Date\u201d<\/strong> as Document Date.
\nSo while creating new I\/C Receipt, when you change the \u201cReceipt Date\u201d<\/strong>, the \u201cPosting Date\u201d<\/strong> field value will change automatically to the same date as the Receipt Date as below screenshot :<\/p>\n

\"2\"<\/a><\/p>\n

You can check the same for the I\/C Shipments, Internal Usage, Adjustments, Transfers and Assemblies.<\/p>\n

Session Date :<\/strong>
\nYou can select this option if you usually want the posting date and fiscal period to match the current session date. If you select this option, the program keeps the session date as the default posting date even if you change the document date.
\nLet us consider an example, suppose you have set the option for the \u201cDefault Posting Date\u201d<\/strong> as \u201cSession Date\u201d<\/strong>. As shown below the session date is set to \u201c12\/13\/2015\u201d.<\/strong><\/p>\n

\"3\"<\/a><\/p>\n

So now while creating new I\/C Receipt entry, \u201cPosting Date\u201d<\/strong> field will show the session date as a default date. When you change the \u201cReceipt Date\u201d<\/strong>, the Sage 300 ERP keeps the \u201cPosting Date\u201d<\/strong> field value as session date :<\/p>\n

\"4\"<\/a><\/p>\n

You can check the same for the I\/C Shipments, Internal Usage, Adjustments, Transfers and Assemblies.
\nThis is how you can set the default Posting Date while creating the new entries of I\/C Shipments, Internal Usage, Adjustments, Transfers and Assemblies using the \u201cDefault Posting Date<\/strong>\u201d option of I\/C Options.<\/p>\n

About Us<\/strong><\/span>
\nGreytrix<\/a> a globally recognized Premier Sage Gold Development Partner is a one stop solution provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third party add-on development and implementation expertise.<\/p>\n

Greytrix<\/a> offers unique GUMU™ integrated solutions of Sage 300 with Sage CRM,<\/a> Salesforce.com <\/a>and Magento eCommerce<\/a> along with Sage 300 Migration from Sage 50 US, Sage 50 CA, Sage PRO, QuickBooks, Sage Business Vision and Sage Business Works<\/a>. We also offer best-in-class Sage 300 customization and development services<\/a> and integration service for applications such as POS | WMS | Payroll | Shipping System | Business Intelligence | eCommerce for Sage 300 ERP<\/a> and in Sage 300c development services we offer services such as upgrades of older codes and screens to new web screens, newer integrations using sdata and web services  to Sage business partners, end users and Sage PSG worldwide. Greytrix offers over 20+ Sage 300 productivity enhancing utilities that we can help you with such as GreyMatrix<\/a>, Document Attachment<\/a>, Document Numbering<\/a>, Auto-Bank Reconciliation<\/a>, Purchase Approval System<\/a>, Three way PO matching<\/a>, Bill of Lading<\/a> and VAT for Middle East<\/a>.<\/p>\n

For more details on Sage 300 and 300c Services, please contact us at accpac@greytrix.com<\/a>. We will be glad to assist you.<\/p>\n","protected":false},"excerpt":{"rendered":"

The posting date is the transaction date used by Day End Processing in Inventory Control when it creates journal entries for the general ledger. The posting date determines the fiscal year and period to which transactions are posted in the G\/L. New Stuff: Password Protecting the Sage Intelligence output Book In Sage 300 ERP we\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[79,743,806,1242,1986,2519,2651],"class_list":["post-13226","post","type-post","status-publish","format-standard","hentry","category-sage-accpac","tag-accpac","tag-default-posting-date","tag-document-date","tag-ic-options","tag-posting-date","tag-sage300","tag-session-date"],"yoast_head":"\nSignificance of using Default Posting Date option of I\/C Options in Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greytrix.com\/blogs\/sageaccpacerp\/2015\/12\/31\/significance-of-using-default-posting-date-option-of-ic-options-in-sage-300-erp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Significance of using Default Posting Date option of I\/C Options in Sage 300 ERP - Sage 300 ERP \u2013 Tips, Tricks and Components\" \/>\n<meta property=\"og:description\" content=\"The posting date is the transaction date used by Day End Processing in Inventory Control when it creates journal entries for the general ledger. 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