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Forums Financial Management Lawson S3 Financials

Payment Posting

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Tom Keller
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6/26/2009 6:17 PM
If I create a payment in June for July 1st but run the AP170 in June will the payment post and relieve cash in June or July.  Here's the scenario.  Our rent payments are due the 1st but the ACH file has to be at the bank one day prior so I always run them in the current month.  No big deal.  We are managing cash tighter this quarter so I want to know if I run the ACH file batch in June but date the payments for July which month will my balance sheet be affected?
Brad Schauer
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6/29/2009 12:45 PM
Hi Tom,

The payment date determines the posting date for cash and accounts payable. If the payment date for the ACH file is July 1st, the posting date for cash should be July 1st.

Brad