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Receipt & Adjustment Entry screen

The Receipt & Adjustment Entry screen in Practice CS uses 2 date fields on each transaction line:
  • Control Date
  • Date
It's important to understand how these work so that you can post receipts to the correct period.

Control Date

A
Control Date
 is a way to sort a number of individual receipts or adjustment transactions into a logical group. Your firm can select whether a particular control date represents a single day, or whether multiple days are entered into a single control date.
  • A commonly used technique is that a control date represents a specific bank deposit, and each receipt deposited in that batch will be entered into the same control date. The control date, however, isn't ever used to determine which date (and therefore period) that a receipt is posted to.

Date

Once a control date is entered, Practice CS will open a data-entry grid where the individual receipt transactions are entered. You'll need to enter a value into the
Date
 field on each receipt or adjustment entry. The date entered in this field will determine which period that individual receipt or adjustment is recorded in.
  • For example, if a receipt is dated 5/31, but was keyed into a control date of 6/1, that would appear on reports as a May payment.

This article applies to:

  • Product: Practice CS
  • Subject: Account grouping