Why Receivables Entries Made During The Month Transferred To General Ledger At Month End Date .i.e. Journal Effective Date Is Period Last Day (Doc ID 2011019.1)

Last updated on JANUARY 05, 2021

Applies to:

Goal

Why is Receivables entries made during the month transferred to General Ledger during the month but in general ledger their effective date is month end?
For example I entered a receipt in the receivables on GL date 01-may-15 and then transferred to GL on 14-May-17 but in General Ledger a Journal Effective Date Is Period Last Day which is 31-May-2017
 

Solution

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