Re: Transaction VS Update Date

[Bob.Tenney@xxxxxxxxxx]

If you press F17 on the screen Create Ledger Entries screen , IM lets you
subset the records selected based on the IM Transaction Date. By default,
this is the date when you entered the IM transaction.

Once you select all the transactions for a given date range there are at
least three ways things can go wrong: (1) Someone enters back-dated
transactions; (2) There are transactions within the date range that have
not had accounts assigned and cannot be converted into GL journals; and (3)
If you process in batch mode, you might not process the batch until after
you have selected entries for your general ledger.

A much safer approach is to wait for the IM close and then select (F17)
based on the IM period number. This has two advantages: (1) Back-dated
transactions and unprocessed batches will not be problems; and (2) It is
easier to reconcile IM and GL balances. The downside of this approach is
that you have to coordinate the IM closing with the end of your accounting
period.

Bob Tenney
Bob Tenney Solutions, LLC




Steve.VanPortfliet@michiganbulb.com@midrange.com on 08/23/2000 08:50:29 AM

Please respond to MAPICS-L@midrange.com

Sent by:  owner-mapics-l@midrange.com


To:   MAPICS-L@midrange.com
cc:
Subject:  Transaction VS Update Date


When posting inventory transactions to the General Ledger (IFM), does the
system use the transaction date (IMHIST/TRNDT) or the update date
(IMHIST/UPDDT) to determine the correct GL period to post to?  Thank you
for your input.

Steve Van Portfliet
Lead Analyst
Foster & Gallagher, Inc.
Michigan Bulb Group

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