Ageing Date vs Posted Date on Debtors Statement
On the Debtor's statement, there is an Ageing Date and Posted Date.
When a transaction is posted this will attach a posted date and ageing date.
1. Posted Date
- The posted date will be the system date and not PC date in which the transaction was posted on the Debtor's statement.
- The posted date cannot be changed.
- The posted date can be used to track when the invoice was transferred to the Debtor's statement or when a transaction was posted on the statement.
2. Ageing Date
- The ageing date is used to track outstanding accounts.
- The ageing date can be changed.
- The ageing date will affect the running total on the statement and age analysis.
- The ageing date will determine which bracket the transaction will fall into of the running totals on the Debtor's statement.