Financial Transaction Dates

There are three dates associated with every financial transaction:
  • Enter Date - The date the transactions was entered into BillMax.
  • Post Date - The date the transaction was posted to an Account.
  • Effective Date - The date the transaction should be considered effective.

The following lists date ramifications for the various transactions.

  • Payments, Payment Reversals, Refunds and Refund Reversals
    • Enter Date and Post Date are the Same
    • Effective Date may be current date or in the past.
  • Sales, Sales Returns, Store Credits, Store Credit Reversals, Deposits and Deposit Reversals
    • Enter Date, Post Date and Effective Date all may be different.
    • Post Date is the date the transaction is invoiced.
    • Effective Date is the Effective Date of the invoice.