The AP Check and Electronic Payment Register does not print the EFFECTIVE date for ACH/ Electronic payment transactions. The EFFECTIVE date is the date used to post the transaction to the Bank Reconciliation module. Users cannot see what date will be used to post to the bank reconciliation module on the register. Also, this is inconsistent with the payroll check register which shows the EFFECTIVE date as the check date for direct deposits. The AP check register shows the check date not the EFFECTIVE date for AP ACH payments. In addition, the EFFECTIVE date is not printed on the Electronic Payment register in AP and PR modules. It should be since it is an important field to review before updating.
by: Steve P. | about a day ago | Financial Management
Comments
YES ! So obvious.