In manual cheques, misc payment (cash invoice) there is a payment date and posting date. Both the cheque and the invoice get posted with the same date. There needs to be an invoice date as well as the cheque date. This would posted the entries to the gl to the correct periods with the correct dates. In a lot of cases, the dates are different. This is the only reason for not using misc payments. This would make miscellaneous payments in manual cheque batches a lot more functional.

by: Pat W. | over a year ago | Financial Management