Settings and activity
2 results found
-
254 votes
Hi community, we understand there are differing needs in this idea for why you’d like a separate posting date alongside the invoice or bill date. Whether it’s for reporting, compliance, or just a more accurate view of when things happened.
While this has been carefully considered, we want to be transparent with everyone here, that this is not something we have plans for developing in the near term.
We know given the interest in this that this is not the update you’re hoping for, and please know that we’ll continue to track votes this idea receives for future consideration. We’ll keep you posted if things change down the line.
An error occurred while saving the comment 
Linda Tan
supported this idea
·
-
121 votesLinda Tan
supported this idea
·
Accounting standards globally (IFRS, US GAAP, ASPE and similar frameworks) require accurate maintenance of source document data and proper period recognition. The invoice date (document date) and posting date (accounting period date) serve different purposes and must be separate.
When a prior period is closed and a backdated invoice is entered later, the system forces the invoice date to be changed to the posting date. This results in:
• Recording an incorrect document date
• Compromising audit trail integrity
• Distorting vendor history and aging
A standard audit cut-off procedure (under ISA and PCAOB standards) is to identify invoices dated on or before period-end but recorded after period-end.
Without separate fields:
• This query cannot be performed systemically
• Auditors cannot rely on system-generated reports
• Manual testing increases
• Control reliance decreases
Separate invoice and posting dates are fundamental for:
• Accurate recordkeeping
• Proper audit cut-off testing
• Reliable internal controls
This is a core accounting system requirement, not an enhancement.