difference between posting date and transaction date
DEFINITION of 'Transaction Date'. The date upon which a security or other financial instrument is traded. The transaction date represents the time at which ownership is transferred. In banking, the date a transaction appears in the account is also referred to as the transaction date, although it is not necessarily the date on which the bank clears the transaction and deposits or withdraws funds.
invoice/ Bill date. Posting date - date on which entry is posted to the ledger. or accounting date. Value date - the date on which doc is valued. ie for forex. valuation the value date is needed for calculating the. exchange rate difference. Next run date - this is for payment run. what the next day.