What is the Difference Between Effective Date and GL Effective Date

Owned by Knowledge Assistant
Mar 05, 2024
1 min read
Description of Issue

Would like to know the difference between Effective Date and GL Effective Date

Context

  • Payment Entry

  • Payments Journal

Cause

Would like to know the difference between Effective Date and GL Effective Date

Resolution

The GL Effective Date is the date which activity impacts the General Ledger

The Effective Date is the date by which interest is calculated, if applicable

Additional Information